US consumer inflation up unexpectedly in February
Consumer inflation posted a surprise acceleration in February, US government data showed Tuesday, a development that could give policymakers pause as they mull the right time to start interest rate cuts. Analysts expect the Federal Reserve to focus on underlying inflation when deciding the best time to start reducing rates.
Consumer inflation posted a surprise acceleration in February, US government data showed Tuesday, a development that could give policymakers pause as they mull the right time to start interest rate cuts. Analysts expect the Federal Reserve to focus on underlying inflation when deciding the best time to start reducing rates.
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