- US CPI increased 0.4% in February due to rental housing costs.
- Core CPI without food and energy prices increased 0.5%.
- Year over year core CPI gained 5.5% vs 5.6% in January.
- Economists are divided on whether rising inflation will be enough to push the Federal Reserve to hike interest rates again next week after the failure of two regional banks.
- U.S. stock index futures extended gains and were last up 1.2%.
Instant View: U.S. February CPI increase leaves market guessing on Fed
U.S. consumer prices increased in February amid sticky rental housing costs, but economists are divided on whether rising inflation will be enough to push the Federal Reserve to hike interest rates again next week after the failure of two regional banks.
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