U.S. consumer prices increased in February amid sticky rental housing costs, but economists are divided on whether rising inflation will be enough to push the Federal Reserve to hike interest rates again next week after the failure of two regional banks.
The Consumer Price Index rose 0.4% after accelerating 0.5% in January, the Labor Department said on Tuesday. That lowered the year-on-year increase in the CPI to 6.0% in February, the smallest annual gain since September 2021. The CPI rose 6.4% in the 12 months through January.
Core CPI without food and energy prices increased 0.5% after rising 0.4% in January. Year over year core CPI gained 5.5% vs 5.6% in January. Economists polled by Reuters had forecast monthly CPI and core CPI up 0.4%.STOCKS: U.S. stock index futures extended gains and were last up 1.2%, pointing to a solid open on Wall Street BONDS: U.S. Treasury yields seesawed lightly, with the 2-year note last off at 4.234%, and the 10-year note a bit lower at 3.5676% FOREX: The euro ticked 0.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Instant view: US intervenes to shore up SVB deposits, limit financial falloutThe U.S. government announced actions to shore up deposits and stem any broader financial fallout from the sudden collapse of tech startup-focused lender Silicon Valley Bank (SVB), sending U.S. stock futures higher.
Baca lebih lajut »
U.S. stocks open higher after headline CPI data show February inflation was in line with expectationsU.S. stocks opened higher Tuesday after headline data on inflation came in line with expectations. The Dow Jones Industrial Average was up 1% soon after the opening bell:
Baca lebih lajut »
U.S. CPI falls to 6.0% in February, as expected, but core prices still strong By Investing.com⚠️BREAKING: *U.S. CPI FALLS TO 6.0% IN FEBRUARY, AS EXPECTED, BUT CORE PRICES STILL STRONG 🇺🇸🇺🇸
Baca lebih lajut »
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.'
Baca lebih lajut »
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.
Baca lebih lajut »
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.
Baca lebih lajut »