US February CPI data significantly below expectations
The US February unadjusted CPI year-on-year recorded 2.8%, a new low since November last year. The US February seasonally adjusted CPI month-on-month recorded 0.2%, a new low since October last year. The US February unadjusted core CPI year-on-year recorded 3.1%, a new low since April 2021; the US February seasonally adjusted core CPI month-on-month recorded 0.2%, a new low since December last year.
Looking at this situation, we are one step closer to interest rate cuts.
