US inflation data is expected to show a easing, but risks remain.
The US Bureau of Labor Statistics (BLS) is expected to release the Consumer Price Index (CPI) report for February on Wednesday at 12:30 GMT, providing important insights into inflation trends. Market analysts predict a slight decrease in inflation, which could affect the Federal Reserve's policy, the US dollar, and risk assets such as cryptocurrencies.
The headline CPI inflation rate is expected to reach 2.9% year-over-year (YoY), down from 3.0% in January, marking the first dual decrease in core and headline inflation since July 2024. The core CPI inflation rate, excluding food and energy, is forecasted to decrease to 3.2% from 3.3%.
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