The US Labor Department says the consumer price index in February rose 3.2 percent before seasonal adjustment from a year earlier.
The increase was higher than market expectations.
This comes amid growing speculation that the US Federal Reserve will keep its key interest rate unchanged at a policy meeting scheduled to start on March 19.
Market players will be focusing on what Fed Chair Jerome Powell will say about the timing of a rate cut.
The increase was higher than market expectations.
This comes amid growing speculation that the US Federal Reserve will keep its key interest rate unchanged at a policy meeting scheduled to start on March 19.
Market players will be focusing on what Fed Chair Jerome Powell will say about the timing of a rate cut.
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Summary
US consumer price index increased 3.2% year-on-year in February, surpassing market expectations. This rise occurs amid speculation that the US Federal Reserve may maintain its key interest rate at an upcoming meeting starting March 19. Focus is on Fed Chair Jerome Powell's comments regarding a
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ID: a4d36342-f3c8-46fd-af4f-027bfa30c3c5
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20240313_03/
Date: March 13, 2024
Created: 2024/03/13 06:30
Updated: 2025/12/08 16:32
Last Read: 2024/03/13 13:56