US CPI rose 2.4% in February, matching expectations and signaling stable inflation. Shelter and services rose, goods fell, while oil risks cloud outlook.
US February CPI held at 2.4% as higher food, gas and clothing prices stalled inflation progress. Strong spending and oil above $100 raise reflation risks.
Friday’s US CPI tests whether cooling inflation still holds and can quickly shift expectations for Fed cuts, with January revisions adding extra noise.
US November CPI rose a softer-than-expected 2.7%, lifting hopes of easier monetary policy, but shelter costs and missing October data temper confidence.
In August, the Consumer Price Index (CPI) rose faster than expected, and unemployment claims surged, adding new policy pressure on the Federal Reserve.