Feb. US CPI data suggests firmer PCE inflation ahead
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Follow along with Investopedia's live coverage of Friday's inflation report from the Bureau of Labor Statistics.
The latest set of US CPI data releasing today, will be keenly watched by the global analysts and market observers.
The inflation data captures the period before the Iran war broke out. Since then, oil prices have surged, driving inflation fears.
Consumer prices broadly remained unchanged in February, holding steady just before war with Iran rattled markets and threatened to wear a hole in Americans' pocketbooks, government data shows. The Consumer Price Index increased 0.
February's consumer-price index may already be old news, with market participants looking ahead to what may be a troubling March CPI report, which may reflect the intensifying conflict in the Middle East.
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Good CPI numbers are irrelevant
CPI data comes in as expected… unfortunately, it’s already outdated… aluminum is jumping… how to play it… Alcoa looks like it’s headed for a breakout This morning, the latest Consumer Price Index (CPI) numbers came in as expected.
The U.S. Consumer Price Index rose 0.3% M/M in February, ticking up from a 0.2% increase in January but in line with the +0.3% consensus, according to data released by the Bureau of Labor Statistics on Wednesday.
Gold prices consolidate above the key $5,000 level ahead of US CPI data, while ongoing Middle East tensions and shifting expectations for Federal Reserve policy continued to shape investor sentiment.
There was some relief from recent downbeat economic data early Wednesday when the latest Consumer Price Index data held steady, although advisors, and their clients, shouldn’t get carried away with the positive inflation number. Data from the U.S. Bureau ...