Stronger than expected CPI
Discover the latest US inflation trends: February sees a rise to 3.2%, while Core CPI climbs to 3.8%. Explore the implications for Federal Reserve policy and stay ahead with key economic insights
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Read moreDiscover the latest US inflation trends: February sees a rise to 3.2%, while Core CPI climbs to 3.8%. Explore the implications for Federal Reserve policy and stay ahead with key economic insights
CPI week in the US starts off on a mixed note with lower US equity futures, unchanged treasuries, and a slightly weaker USD. Tomorrow’s inflation data will be the last major economic release ahead of next week’s Fed rate decision.
The USD would post its 3rd straight daily decline yesterday following Atlanta Fed President Bostic pushing back on rate cuts the prior day, fueling similar expectations for Fed Chair Powell during his testimony before Congress today.
G10 currencies are little changed to start the session and mostly softer in narrow ranges.
Initial price action to US data releases yesterday dropped the USD after PCE inflation data failed to materialize higher, coming in at expectation.
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Embarking on the journey of buying a home in France is an exciting consideration, especially for Americans seeking a change of scenery or a new job opportunity.
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