CD Media
Markets

CPI Reported As Expected

CPI Reported As Expected
History of US federal minimum wage increases

The consumer price index, a widely-viewed measure of inflation in the U.S. economy, came in as expected for the month of February – reported at a rise of 0.2% MoM. YoY the measure was 1.5% vs 1.6% analysts expected.

The rise was due to higher fuel prices and housing, which continued to outpace other economic sectors with a rise of 3.4% MoM.

Inflation was muted in spite of higher wages and employment across the economy. It remains to be seen how long inflation stays in check as employers scramble to fill positions in the Trump economy.

Ex food and energy the CPI came in at 2.1% YoY and 0.1% MoM.

Related posts

CHECK IN With CECCHINI (@CecchiniPeter)

Peter Cecchini

Crypto Shrugs Off Regulatory/China Crackdown, Surges Off Weekend-Dip Lows

CD Media Staff

Pelosi Caves On USMCA In Bid To Protect Vulnerable House Members From Impeachment Fallout…Tries To Take Credit For NAFTA 2.0

CD Media Staff

Leave a Comment

Subscribe to our evening newsletter to stay informed during these challenging times!!

Clicky