Institutions: Inflation data seems to leave no room for the Fed to cut interest rates

Mars Financial News, on March 13, Steven Blitz, Chief U.S. Economist at TS Lombard, stated that the inflation data did not provide a signal for the Fed to cut interest rates. Although the CPI in February dropped from 3% to 2.8%, 'the anomalies in the data are enough to cast doubt on any attempt to interpret it as a trend.'

Blitz said that the year-on-year growth rate of commodity prices excluding food and energy, seasonally adjusted in February, was 2.7%, an improvement from 3.5% in January, but still unstable. He said that this is the category with the most obvious impact of tariffs in the first round. Ultimately, as the employment rate continues to rise, inflation will also rise.( Jin Shi )