Analysts at Nomura offered their review of the US CPI result and a GDP tracking update.
"Core CPI (excluding food and energy) increased by 0.2% (0.182%) m-o-m in February, broadly in line with expectations (Nomura: 0.203%, Consensus: 0.2%). As expected, core CPI inflation slowed noticeably from a strong gain of 0.349% in January. As usual, there were some transitory factors as volatile medical care services prices fell but apparel and auto insurance prices jumped. However, looking beyond those effects, we think a deceleration in rent and vehicle price inflation in February could have implications for the medium-term inflation outlook. Thus, we maintain our relatively conservative view that core inflation will rise only gradually.
GDP tracking update: February CPI data were essentially in line with our expectations and did not affect our outlook for near-term price indices for personal consumption expenditure. Thus, our Q1 real GDP growth tracking estimate remains unchanged at 1.7% q-o-q saar."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.