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Inflation pressures show persistence


CPI inflation came in slightly higher than expected in February, led by shelter, energy, and transportation services. Underlying price pressures remained sticky, with core and super-core inflation barely easing. Although markets still expect a Fed rate cut in June, the risk is of later or fewer cuts than currently priced in, if inflation pressures persist.

Ned Davis Research | Economics | U.S. Daily Economic Perspectives | Daily

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