"US CPI inflation rose by 2.4% year-on-year in February, with core inflation - which excludes food and energy inflation - slightly higher at 2.5%. Signs that inflation is stabilising would have renewed hopes for further Fed rate cuts."
"Severely restricted passage through the Strait of Hormuz and the subsequent rise in energy commodity prices have renewed price pressures for US households at the pump. The extent to which these price rises will filter through to the wider price level will depend heavily on how long supply routes remain disrupted."
US consumer price inflation rose 2.4% year-on-year in February, with core inflation at 2.5%, suggesting stabilization that could support further Federal Reserve rate cuts. However, Middle East geopolitical tensions have severely restricted shipping through the Strait of Hormuz, driving up energy commodity prices and creating renewed inflationary pressures for American households. The duration of these supply route disruptions will determine how extensively energy price increases spread throughout the broader economy. Given this uncertainty, the Federal Reserve is expected to maintain a cautious approach and keep interest rates unchanged at its March meeting.
Read at London Business News | Londonlovesbusiness.com
Unable to calculate read time
Collection
[
|
...
]