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Financial Times — World — US Inflation and Federal Reserve — Central Bank Intervention — Global Economy — Us Banks

US consumer prices rise 6% at tricky time for Fed amid SVB fallout

US inflation rose by 6% YoY in February, increasing the Federal Reserve's pressure to raise interest rates amidst bank failures and concerns about financial stability.

1 min read
  • US inflation rose 6% YoY in February, down from 6.4% in January.
  • Core CPI climbed 0.5% in February, higher than economists' expectations.
  • February's inflation data increases pressure on the Federal Reserve to raise interest rates.
  • 70% of the increase in inflation came from housing-related costs.
  • Services-related costs, including transportation, rose by 1.1% in February.
US consumer prices rise 6% at tricky time for Fed amid SVB fallout
Data comes as central bank contends with broader concerns about how rising interest rates have affected lenders
Financial TimesColby Smith

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