US CPI Steady at 6% in February, Federal Reserve Set to Raise Interest Rates

The United States has released an official communication regarding the Consumer Price Index (CPI), which has remained consistent with economists’ estimates, amounting to 6% in February. This marks the eighth successive month of decline, with the latest reading being the lowest since September 2021. As a result, market analysts forecast a high probability that the Federal Reserve will increase interest rates by 25 basis points upon its meeting on March 22, currently standing at 79%.