New Overnight Developments Abroad - Daily Update
Hotter-than-Predicted U.S. CPI Data Elicit Adverse Market Reaction
February 13, 2024
U.S. consumer price inflation unexpectedly remained above 3.0% in January. A 0.3% monthly increase was the most since September, and the 12-month rate of increased slowed less sharply than forecast, returning to November’s 5-month low of 3.1% but showing no net improvement since 3.0% recorded last June. U.S. core consumer prices, which exclude food and […] More
