U.S. Core CPI Weak, But Inflation Still Trending Up
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U.S. CPI surprised on the downside in February, with core inflation slowing to 2.1% year-on-year (down from 2.2% in January and a consensus forecast also of 2.2%). Month-on-month inflation was only 0.11% – compared to 0.24% in January – the weakest monthly…
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