Inflation exceeded January expectations, providing further impetus for the Fed’s boundaries to hold interest rates.
The Consumer Price Index, a broad measure of the cost of goods and services across the U.S. economy, accelerated the seasonal adjustment this month to 0.5%, bringing annual inflation to 3%. They are 0.3% and 2.9% higher than their respective Dow Jones estimates.
In addition to volatile food and energy prices, CPI rose 0.4% in the month, bringing inflation to 3.3% for 12 months. In comparison, the estimated values ​​are 0.3% and 3.1%.
BLS said housing costs continue to be a problem of inflation, up 0.4% in the month, accounting for about 30% of the overall growth.
After the news, the market fell, with futures related to a drop in the Dow Jones industrial average of more than 400 points, while bond yields soared.
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