![]() ![]() "I don't think the Fed will raise next week, if they do, it will only be by 25 basis points, but I think they will stay on hold." So they're going to have to respond to the banking crisis that's probably just not over yet." The fact that the core rate was actually kicked down a little bit is good news. ![]() PETER CARDILLO, CHIEF MARKET ECONOMIST, SPARTAN CAPITAL SECURITIES LLC"This puts the Fed on hold because the numbers were not worse than expected. Treasury yields seesawed lightly, with the 2-year note last off at 4.234%, and the 10-year note a bit lower at 3.5676%FOREX: The euro ticked 0.1% higher against the U.S. stock index futures extended gains and were last up 1.2%, pointing to a solid open on Wall Street BONDS: U.S. Economists polled by Reuters had forecast monthly CPI and core CPI up 0.4%. Year over year core CPI gained 5.5% vs 5.6% in January. ![]() The CPI rose 6.4% in the 12 months through January.Ĭore CPI without food and energy prices increased 0.5% after rising 0.4% in January. That lowered the year-on-year increase in the CPI to 6.0% in February, the smallest annual gain since September 2021. The Consumer Price Index (CPI) rose 0.4% after accelerating 0.5% in January, the Labor Department said on Tuesday. consumer prices increased in February amid sticky rental housing costs, but economists are divided on whether rising inflation will be enough to push the Federal Reserve to hike interest rates again next week after the failure of two regional banks. ![]()
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