Will the Fed finally make its next move on interest rates?

Annual inflation in the U.S. decreased to 2.8% in February, down from 3% in January and 2.9% in December. The U.S. Bureau of Labor Statistics indicates that core prices increased at half the rate seen in January, largely due to falling airfare, shelter costs, and auto insurance. Core goods rose by 3.1% year-over-year, the slowest since April 2021, influenced by higher medical care, used cars, and apparel costs. The Consumer Price Index experienced a month-over-month increase of 0.2% in February, less than January's 0.5%. Energy prices rose by 0.2%, reflecting higher fuel oil and natural gas prices, while the overall food sector saw a modest increase of 0.2%. The data suggests that the Federal Reserve may hold interest rates steady in the upcoming March meeting, maintaining a rate range of 4.25% to 4.50%. Economists anticipate possible rate cuts in June and December, but the Fed will likely adopt a wait-and-see approach to assess the effects of tariffs and policy changes.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.