CPI Data Expectations: Analyzing February US Inflation – by FXstreetNews CPI SEO UnitedStates EconomicIndicator Fed
. The US Dollar has entered into a downward spiral following the latest mixed US labor market report and the US banking stress, which have revived the dovish US Federal Reserve expectations.
The US CPI data will hold the utmost relevance, as the Federal Reserve remains committed to bringing down inflation back to its 2.0% target. Further, it’s a ‘blackout period’ for the Fed policymakers ahead of the March 22 meeting, and therefore, the inflation data will have a strong market impact, as it helps the Fed determine the future policy path.
Goldman Sachs revised down its Fed rate hike outlook, now stating that the Federal Reserve will not deliver any rate hike at its March 22 meeting. Meanwhile, JP Morgan called on for a 25 bps March Fed rate increase.
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