CPI data ‘not enough to stop Fed’ from raising rates next week

Photo of author

US consumer price for February released on Tuesday bolstered expectations for the to raise its benchmark interest by a quarter percentage point next week, economists said on Tuesday.

“The data was not enough to stop the Fed hiking next week,” said Ian Shepherdson, chief economist at Pantheon Macroeconomics.


See also  Bankrupt Crypto Exchange FTX Fires Three Off Its Top Executives: Report