To get John Authers' newsletter delivered directly to your inbox, sign up here.

This was an Inflation Day with a difference. The US Bureau of Labor Statistics released its numbers for inflation in February before the market opened, and the first, depressing fact to hit observers was that core inflation (excluding food and fuel) had declined only slightly, and by less than the consensus had expected. At 3.8%, against an official target of 2%, it remains too high for the Federal Reserve to risk a cut in the fed funds rate:

QOSHE - Latest Market Fanfare Inflates Common Man’s Pain - John Authers
menu_open
Columnists Actual . Favourites . Archive
We use cookies to provide some features and experiences in QOSHE

More information  .  Close
Aa Aa Aa
- A +

Latest Market Fanfare Inflates Common Man’s Pain

4 1
13.03.2024

To get John Authers' newsletter delivered directly to your inbox, sign up here.

This was an Inflation........

© Bloomberg

Get it on Google Play