Inflation Rate Cools , as Federal Reserve Weighs , Future Interest Rates.
In February, price growth in the United States cooled
to reach an annual rate of 6% according to data released
by the U.S. Bureau of Labor Statistics on March 14. .
In February, price growth in the United States cooled
to reach an annual rate of 6% according to data released
by the U.S. Bureau of Labor Statistics on March 14. .
NBC reports that the cooling is in line with
economists' forecasts and lower than
January's 6.4% when compared to the year before.
NBC reports that the cooling is in line with
economists' forecasts and lower than
January's 6.4% when compared to the year before.
According to the latest
Consumer Price Index, inflation
continued to rise in February by 0.4%.
However, this is less of an increase
than January's 0.5% price increase.
Similarly, energy costs continued to increase
with a 5.2% climb in February, compared
to an 8.7% increase in January. .
When it comes to the price of food,
costs have continued to increase
in February by 0.4%. .
Compared to the same time
in 2022, the cost of food has
increased a staggering 9.5%.
NBC reports that the news comes
just days after the collapse of
Silicon Valley Bank and Signature bank. .
NBC reports that the news comes
just days after the collapse of
Silicon Valley Bank and Signature bank. .
In the wake of the collapse, economists see the Federal
Reserve would make smaller hikes to its key federal
funds rate or halt the series of increases altogether.
A rate pause next week may give the Fed the space to wait for financial stability concerns to hopefully settle, before resuming hikes next meeting. , Seema Shah, Chief global strategist at
Principal Asset Management, via NBC
