Analysts: The market expects inflation to stabilize tonight, but it will still be above the Federal Reserve's 2% target
According to Jin Ten, the U.S. Bureau of Labor Statistics will release the Consumer Price Index data for February tonight. The market expects inflation to stabilize, but still remain above the Federal Reserve's 2% target. Analysts at TD Securities indicate that this week's February CPI report should begin to show a slowdown in service sector inflation, which may lead to a month-over-month increase in core CPI slowing to 0.23%.
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