BlockBeats News, March 11th, the US Department of Labor will release the February non-seasonally adjusted CPI data tonight at 20:30, with a market expectation of 2.4% and a previous value of 2.4%.
The Consumer Price Index, abbreviated as CPI, is a price movement index calculated based on the prices of goods and services related to residents’ daily lives. It is usually an important indicator for observing the level of inflation. Data impact: Actual Value> Forecast Value = Bullish for the US Dollar. The data tracks the price changes of goods and services purchased by consumers.
Prior to this, the February non-farm payroll data showed weaker-than-expected employment performance, a stark contrast to the market’s widely expected strength. However, the market’s interest rate cut expectations did not undergo a significant adjustment. Interest rate market data indicates that the next rate cut is still highly likely to occur in the second half of the year.
