February CPI Holds at 2.4% as Oil Shock Complicates Fed Rate Outlook

TLDR: February CPI rose 2.4% YoY with core inflation at 2.5%, remaining above the Fed’s 2% target.  Monthly CPI growth slowed slightly, aided by stable vehicle prices and lower rental inflation.  Rising oil prices after the Iran conflict may push March inflation higher than February levels.  Weak payroll growth and higher unemployment complicate the Fed’s [...]

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