ChainCatcher News reports that according to Jintiao, Lawrence Werther, Chief Economist at Daiwa Capital Markets America, stated that the January slowdown in inflation as indicated by the CPI report and this week’s better-than-expected employment data provide sufficient reasons for the Federal Reserve to keep interest rates unchanged at the March policy meeting. The overall and core inflation rates for January increased by 2.4% and 2.5% year-over-year, reaching the lowest threshold for maintaining a patient policy. Additionally, core service inflation surged by 0.6% month-over-month, which may attract the attention of regional Fed presidents.
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