#Write&Earn Data on inflation is unlikely to prompt the Fed to lower interest rates, says economist

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According to BlockBeats, chief economist at TS Lombard in the U.S., Stephen Blitz stated on March 13 that the latest inflation data does not indicate the need for the Federal Reserve to lower interest rates. Although the consumer price index (CPI) fell from 3% to 2.8% in February, Blitz noted that anomalies in the data raise doubts about any attempts to interpret this as a trend.

Blitz emphasized that the annual rate of price growth for goods, excluding food and energy, seasonally adjusted, was 2.7% in February, which is an improvement compared to 3.5% in January, but still unstable. He pointed out that it is in this category where the impact of tariffs is most apparent in the first round. Ultimately, as employment levels continue to rise, inflation is also expected to increase.