UBS: US inflation data expected to be mild tonight
ChainCatcher news, according to Golden Ten Data, Paul Donovan, Chief Economist at UBS Group, pointed out that although the US Consumer Price Index data for February was released before the recent market turmoil, it remains crucial for the Federal Reserve's policy-making. He expects that the underlying inflationary pressure reflected in today's data should be moderate, and believes that the Federal Reserve should only respond to broad-based price increases. Donovan emphasized that the Federal Reserve lacks policy tools to address isolated market disturbances.
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