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The cost of goods and services increased by a small number of expected in February, a number of comfortable convenies that are concerned about the inflation can be concerned about the bureau of business statistics.
This Consumer price indexAccording to the Labor Department, large-scale expenses of extensive expenditures in the US economy are 0.2% by investing the annual inflation rate by 2.8% per month. In January, the CPI in total increased by 0.5%.
Core CPI, except for food and energy prices, increased by 0.2% per month and was 12 months of 3.1%. Core CPI rose 0.4% in January.
Economists examined by Dow Jones increased by 0.3% in both the capita and nucleus and increased by 2.9% and 3.2% to 3.2% to 3.2%, which is less than 0.1 percent more than expected.
Stock futures After gaining a profit after the increase in the treasury, it was added to the gains.
Asylum costs are less than January, but still in CPI, about half of the monthly growth is responsible. The category is more than a third of the total weight of the CPI, increased by 0.3% according to the features of a particular focus on the qualities of homeowners.
Two of the food and energy indices increased by 0.2%. Used vehicle prices increased by 0.9%, clothing 0.6%. In the meal, egg prices increased by more than 10.4%, 12 months, increased by 58.8%, increasing more than 7.7% with meat, poultry and fish increased by more than 7.7% increase. In February, beef prices also rose to 2.4%.
Motor vehicle insurance increased by 0.3% per month and increased by 11.1% each year. However, the airlines slipped in February and reduced by 0.7% since a year ago.
The report recently comes in a potential critical strive for the US economy and financial markets, which has increased a trade war and increasing the fear of growth.
In the latest developments, Trump’s 25% duties in steel and aluminum demanded revenge measures from the European Union on Wednesday. Trump also hit 20% grip in goods from China.
Federal Reserve officials are closely following developments. Central banking politicians are usually considered to have tariffs to have modest impacts against inflation, and more than one measures that do not have long-term residents.
However, a wider trade war may change the growth rate in the economy. Markets will continue to restore interest rates in May, by reducing only 0.75 percent by the end of 2025.
“February, the release of the CPI showed the signs of progress after the strongest release of the main inflation, the speed of the price,” said Kay Haig, Goldman Sachs Asset Management, a global co-chair of liquidity. “Although the Fed is still likely to continue in this month’s meeting, the reduction of inflationary pressure and reducing risks to grow, shows that the risk is closer to continuing the period of relief.”
The Fed is expected to meet next week and the extensive debt interest rate is expected to be held in the target range between 4.25% -4.5%.
Economic growth in the first quarter, according to the GDPNow tracker of incoming information, is a negative trend in the first quarter. The measure was a 2.4% decrease in the first negative increase in the first negative growth.
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