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Consumer inflation may have cooled in February but only slightly - TL;DR CNBC

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

Tickers: SBNYUS2Y

Keywords: marketssignature bankstock marketsearningsjerome powellbusiness newsinflationwall streetu.s. 2 year treasurymarket insiderinterest ratesunited states

Source: https://www.cnbc.com/2023/03/13/consumer-inflation-may-have-cooled-in-february-but-only-slightly.html


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