Delayed Inflation and Rebound in Retail Sales Ease Pressure on Fed to Lower Interest Rates

Inflation dip supports Fed’s cautious stance

Inflation in the US is predicted to have shown gradual signs of abatement in the past month, signaling a glimmer of stability in the nation’s economy and reducing the urgency for the Federal Reserve to consider immediate interest rate cuts.

Core consumer price index expected to rise moderately

Experts anticipate the core consumer price index (CPI), a strategic metric that excludes the volatile price changes of food and fuel, to have increased by 0.3% in February compared to the previous month’s 0.4% surge. The official release of the CPI report by the Labor Department is scheduled for Tuesday.