CPI inflation in February DECREASED to 2.8%, lower than the expectation of 2.9%.
Core CPI inflation DECREASED to 3.1%, lower than the expectation of 3.2%.
This is the first time both overall CPI and core CPI have decreased since July 2024. It alleviates market concerns after several months of CPI stubbornly around 3%.
However, the outlook is not entirely bright. Some sub-indices indicate that inflationary pressure is quietly returning, especially as President Trump's tariff policies may push commodity prices in the U.S. to soar in the coming months. This keeps the market cautious.
The current market expects the FED to have its first interest rate cut this year in June. In the temporary aftermath of the news, U.S. futures indices turned green, and Bitcoin briefly surpassed $84K.