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MNI: US Feb CPI Cools More Than Expected

USDataCentral Bank NewsPolicy NewsFederal ReserveData BriefStoryNorth America

MNI (WASHINGTON) - Headline and core U.S. CPI rose 0.216% and 0.227% respectively in February, a tenth less than analysts expected and cooling from the unexpectedly hot January increases of 0.5% and 0.4%, respectively. The data could pave the way for the Federal Reserve to resume cuts later this year. 

For the 12 months ended February, headline and core CPI slowed two-tenths to 2.8% and 3.1%, respectively. The 10-year Treasury yield slipped to 4.2453% after the data. Shelter costs rose 0.3% in February, accounting for nearly half of the headline increase, the Bureau of Labor Statistics said. Core services prices excluding housing, or supercore CPI, eased to 0.215% from 0.757% in January. (See: MNI INTERVIEW: Fed Nearly Done Easing Barring Slump-Benigno)

 

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MNI (WASHINGTON) - Headline and core U.S. CPI rose 0.216% and 0.227% respectively in February, a tenth less than analysts expected and cooling from the unexpectedly hot January increases of 0.5% and 0.4%, respectively. The data could pave the way for the Federal Reserve to resume cuts later this year. 

For the 12 months ended February, headline and core CPI slowed two-tenths to 2.8% and 3.1%, respectively. The 10-year Treasury yield slipped to 4.2453% after the data. Shelter costs rose 0.3% in February, accounting for nearly half of the headline increase, the Bureau of Labor Statistics said. Core services prices excluding housing, or supercore CPI, eased to 0.215% from 0.757% in January. (See: MNI INTERVIEW: Fed Nearly Done Easing Barring Slump-Benigno)