The consumer price index likely remained stubbornly high in February as inflation continues to inflict financial pain on millions of American households.
's next policy-setting meeting on March 21-22 and will have major implications for the U.S. central bank, which is tightening monetary policy at the fastest rate in decades as it tries to crush out-of-control inflation.
However, rate-hike expectations were thrown into uncertainty after the stunning implosion of Silicon Valley Bank on Friday roiled global markets and triggered fears of a broader financial meltdown.
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US expected to report strong consumer price increases in FebruaryU.S. consumer prices likely rose at a solid pace in February amid sticky rental housing costs, but economists are divided on whether the data will be enough to push the Federal Reserve to hike interest rates again next week after the failure of two regional banks.
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The Really Great February Jobs Report'If wage growth is now more or less in line with the 2% target, then the Fed can hold off on further rate hikes.'
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Three Cherry Hills Village properties top February home salesFormer racecar driver Alex Figge sold a 10,000-square-foot mansion in Cherry Hills Village for $8 million last month.
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Report: Manhattan rent was nearly $5,200 in FebruaryRenters in New York City are feeling the squeeze. Prices in Manhattan are up again this month to an average of nearly $5,200. TimMcNicholas explores what's driving prices and gets advice for renters.
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Report: Average rent in Manhattan nearly $5,200 in FebruaryA new report from the Douglas Elliman Real Estate shows the average rent was up about 1% from January and nearly 6% from February 2022. CBS2's Tim McNicholas reports.
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Reward offered for information in unsolved February 2020 homicideSylvonte Watkins, 20, was shot and killed outside a Northeast Side apartment in February 2020. His homicide remains unsolved.
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