Miner Company
Inflation stabilizes, but rising oil keeps markets on edge
US inflation held steady in February, reinforcing expectations that the Federal Reserve is likely to keep interest rates unchanged in the near term, while analysts warn that rising oil prices and geopolitical tensions could complicate the outlook. The Consumer Price Index rose 2.4% in February from a year earlier, matching economists' expectations, while monthly inflation increased 0.3%, according to government data released Wednesday.
US inflation held steady in February, reinforcing expectations that the Federal Reserve is likely to keep interest rates unchanged in the near term, while analysts warn that rising oil prices and geopolitical tensions could complicate the outlook. The Consumer Price Index rose 2.4% in February from a year earlier, matching economists' expectations, while monthly inflation increased 0.3%, according to government data released Wednesday.