Daiwa Capital: CPI and employment data support the Federal Reserve keeping interest rates unchanged in March
According to ChainCatcher, citing Golden Ten Data, Lawrence Werther, Chief Economist at Daiwa Capital Markets America, stated that the January CPI report showing slowing inflation and this week’s better-than-expected employment data provide ample reason for the Federal Reserve to keep interest rates unchanged at the March policy meeting. Year-on-year growth rates for overall and core inflation in January were 2.4% and 2.5%, respectively, reaching the minimum threshold for maintaining a patient policy. In addition, core services inflation jumped 0.6% month-on-month, which may attract the attention of regional Federal Reserve presidents.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Federal Reserve Beige Book: Most districts expect slight and moderate economic growth
Trending news
MoreThe European Union has streamlined the list of companies from France, Sweden, and the United Kingdom for the management of its established Scaleup Europe Fund program.
According to sources, the US Department of Justice is conducting an antitrust investigation into the global fertilizer industry, involving several international giants.
Crypto prices
More
