Consumer inflation may have cooled in February but only slightly
Publishing timestamp: 2023-03-13 20:57:05
Summary
The consumer price index is expected to have risen in February, but the failure of Silicon Valley Bank and market worries about contagion have made a 50 basis point interest rate hike from the Federal Reserve less likely. Some economists expect no interest rate increase at all, while others expect a quarter-point hike to continue. The economy is expected to fall into recession in the second half of the year, and the fallout from Silicon Valley Bank's failure could speed that up if banks pull back on lending.
Sentiment: MIXED
Keywords: markets, signature bank, stock markets, earnings, jerome powell, business news, inflation, wall street, u.s. 2 year treasury, market insider, interest rates, united states,