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US Core CPI beats with 2.4% YoY in February above 2.3% expected


Wednesday, 11 March 2020 19:51 WIB

Ekonomi ASCPI AmerikaCore CPI


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The US Core Consumer Price Index has risen by 2.4% in February, above 2.3% that was on the cards. On a monthly basis, underlying prices rose by 0.2% as expected. Headline inflation rose by 0.1% monthly and 2.3% yearly, both exceeding estimates.

The Federal Reserve targets price stability and an increase in inflation is, in theory, a reason to raise interest rates. However, investors are focused on coronavirus developments and policymakers' responses to them.

EUR/USD is trading around 1.1340, GBP/UDS around 1.2950, and USD/JPY at around 104.60 at the time of writing.

Source : FXstreet


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