Gate News Update: On March 11, the U.S. Department of Labor will release the February seasonally adjusted CPI data at 8:30 PM tonight. Market expectations are at 2.4%, with the previous reading also at 2.4%.
The Consumer Price Index (CPI) measures changes in the prices of goods and services related to residents’ living expenses and is often used as an important indicator of inflation. The data reflects price changes for goods and services purchased by consumers. A release higher than expectations usually benefits the US dollar.
Earlier, February non-farm payroll data showed weaker-than-expected employment performance, contrasting with the market’s general expectation of resilience. However, the market’s rate cut expectations have not significantly changed. The interest rate market indicates that the next rate cut is still likely to occur in the second half of the year.
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