CPI Inflation gauge increased 0.4% in February, as expected and up 6% from a year ago

 

WhaT GOOD IS THAT Excluding volatile food and energy prices?????? 

March 14, 2023, 6:34 AM

US Core CPI Tops Estimates, Pressuring Fed as It Weighs Hike

Augusta Saraiva

Bloomberg Editorial

Underlying US consumer prices rose in February by the most in five months, forcing a tough choice for Federal Reserve officials weighing still-rapid inflation against banking turmoil in their next interest-rate decision.

The consumer price index, excluding food and energy, increased 0.5% last month and 5.5% from a year earlier, according to Bureau of Labor Statistics data out Tuesday. Economists see the gauge — known as the core CPI — as a better indicator of underlying inflation than the headline measure.

Bureau of Labor Statistics (.gov)

https://www.bls.gov › cpi

CPI Home : U.S. Bureau of Labor Statistics

The Consumer Price Index (CPI) is a measure of the average change over time in ... Consumer Price Index, selected categories, February 2023, not seasonally ...

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https://www.bls.gov › cpi

Consumer Price Index News Release - 2023 M02 Results

The index for all items less food and energy rose 0.5 percent in February, after rising 0.4 percent in January. Categories which increased in February ...

Reuters

www.reuters.com

US expected to report strong consumer price increases in February

10 hours ago — The Consumer Price Index (CPI) likely increased by 0.4% last month after accelerating 0.5% in January, according to a Reuters survey of ...

Forex Factory

https://www.forexfactory.com › news

Consumer Price Index - February 2023

Inflation gauge increased 0.4% in February, as expected and up 6% from a year · Posted: Mar 14, 8:30am (56 min ago).

The Federal Reserve's fight against inflation just got harder.

The high-profile collapse of two regional banks in recent days has sparked new fears about the country's banking system and raised questions about how much higher the Fed should push interest rates in its effort to curb prices.

Data released Tuesday showed inflation continues to ease, but prices are still climbing at a rapid rate...READ MORE 

The Fed already had a tough inflation fight. Now, it must deal with banks collapsing

March 14, 20238:34 AM ET

3 hours ago - Economy & Business

Things are getting weird in the markets

• Matt Phillips, author of Axios Markets

Illustration: Eniola Odetunde/Axios

A rush to safety in the bond market. A modest rally in tech stocks. And still-simmering worries about banks. Things were getting a bit weird on Monday.

Driving the news: The major stock indexes were somewhat resilient, despite massive jitters about the health of many large regional banks after the collapse of Silicon Valley Bank and Signature Bank over the last few days.

• The S&P 500 slipped 0.2% — after staying in positive territory most of the day. The tech-heavy Nasdaq composite rose 0.5%.

Yes, but: Regional bank shares plunged, despite steps the government took on Sunday evening to bolster the financial system.

• The most notable drop was First Republic Bank, a California lender which, like SVB, has a large number of deposits that are above the FDIC's $250,000 limit. It collapsed by more than 60%.

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