US: February CPI presented few surprises – Wells Fargo By MSalordFX Inflation UnitedStates Banks
as expected, inflation continues to rage at a pace deeply unsettling for consumers and policymakers alike, explained analysts at Wells Fargo. “For the first time in what seems like a long time, the February CPI presented few surprises. Both the headline and core printed in line with consensus expectations, rising 0.8% and 0.5%, respectively. What's more, the drivers of February inflation were more or less expected.
“The recent surge in commodity prices stand to push inflation even higher. With core inflation already running well-ahead of the Fed's goals, we look for the FOMC to kick off a series of rate hikes at its meeting next week.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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