Institution: Inflation Data Appears to Leave No Room for Fed Rate Cut

BlockBeats News, March 13th, TS Lombard's Chief U.S. Economist Steven Blitz stated that the inflation data did not provide a signal for the Fed to cut interest rates. Despite the Consumer Price Index (CPI) dropping from 3% to 2.8% in February, "there were enough peculiarities in the data to cast doubt on any attempt to view it as a trend."

Blitz noted that the seasonally adjusted annualized growth rate of core goods prices, excluding food and energy, was 2.7% in February, an improvement from January's 3.5% but still volatile. He stated that this is "the category where the impact of tariffs is most evident in the first round." Ultimately, as the employment rate continues to rise, inflation will also rise accordingly. (FXStreet)