Turmoil in the banking sector raised questions about the Fed’s next move to combat inflation.
sparked uncertainty about the Federal Reserve’s next move in the fight to bring down prices.
On a monthly basis, prices increased 0.4% compared to January, according to the Bureau of Labor Statistics’ release on Tuesday.The report was in line with expectations. Ahead of the February CPI report’s release, economists expected headline inflation to rise by 6% and core inflation to increase by 5.5% year-over-year. Prices were expected to rise by 0.4% from January to February.
and inflation data had led Fed Chair Jerome Powell that the central bank would have to raise interest rates even higher than expected to cool the economy. But the tech lender’s rapid downfall sparked fears of a nationwide run on banks and a systemic meltdown that could upend the broader economy.In an effort to ease the public’s concerns, the Fed, the Treasury Department and the FDIC stepped in to guarantee all deposits held by SVB and another shuttered institution, Signature Bank in New York.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Consumer inflation may have cooled in February but only slightlyConsumer inflation may have cooled off a little in February, but economists expect it is still running at a high pace.
Consulte Mais informação »
February inflation report likely to show consumer prices remain elevatedThe consumer price index likely remained stubbornly high in February as inflation continues to inflict financial pain on millions of American households.
Consulte Mais informação »
Inflation gauge increased 0.4% in February, as expected and up 6% from a year ago
Consulte Mais informação »
Inflation rose 0.4% in February as prices remain stubbornly highInflation remained uncomfortably high in February, although it has cooled slightly from a peak notched in 2022, according to CPI data released Tuesday.
Consulte Mais informação »
Inflation data on deck for markets hit by worries about Fed, banks By Reuters*INFLATION DATA ON DECK FOR MARKETS HIT BY WORRIES ABOUT FED, BANKS - $DIA $SPY $QQQ 🇺🇸 🇺🇸
Consulte Mais informação »
What is supercore inflation, the Fed's newest definitionInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Consulte Mais informação »