Navigating the Tightrope: Fed Faces Unexpected Wholesale Prices Decline, Rising Core Consumer Prices, and Soaring Inflation in February.
TL;DR Summary
Wholesale prices in the US fell unexpectedly by 0.1% in February, compared to a 0.3% increase expected by analysts, providing some relief on inflation as the Federal Reserve considers its next move on interest rates. Meanwhile, retail sales fell 0.4% in February, in line with expectations, dragged down by a 1.8% slide in auto sales. Despite the downward drift in the annual inflation rate, financial markets still expect the Federal Reserve to increase interest rates when it meets next week.
- Wholesale prices post unexpected decline of 0.1% in February; retail sales fall CNBC
- Core Consumer Prices Rose More Than Forecast in February Bloomberg Television
- Inflation gauge increased 0.4% in February, as expected and up 6% from a year ago CNBC
- Fed Will Walk a Tightrope Between SVB, Inflation Bloomberg
- Soaring February inflation gives Jerome Powell the case to defy investors Washington Examiner
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