Inflation Rate Cools as Federal Reserve Weighs Future Interest Rates

Inflation Rate Cools , as Federal Reserve Weighs , Future Interest Rates.In February, price growth in the United States cooled to reach an annual rate of 6% according to data released by the U.S. Bureau of Labor Statistics on March 14. .In February, price growth in the United States cooled to reach an annual rate of 6% according to data released by the U.S. Bureau of Labor Statistics on March 14. .NBC reports that the cooling is in line with economists' forecasts and lower than January's 6.4% when compared to the year before.NBC reports that the cooling is in line with economists' forecasts and lower than January's 6.4% when compared to the year before.According to the latest Consumer Price Index, inflation continued to rise in February by 0.4%.However, this is less of an increase than January's 0.5% price increase.Similarly, energy costs continued to increase with a 5.2% climb in February, compared to an 8.7% increase in January. .When it comes to the price of food, costs have continued to increase in February by 0.4%. .Compared to the same time in 2022, the cost of food has increased a staggering 9.5%.NBC reports that the news comes just days after the collapse of Silicon Valley Bank and Signature bank. .NBC reports that the news comes just days after the collapse of Silicon Valley Bank and Signature bank. .In the wake of the collapse, economists see the Federal Reserve would make smaller hikes to its key federalfunds rate or halt the series of increases altogether.A rate pause next week may give the Fed the space to wait for financial stability concerns to hopefully settle, before resuming hikes next meeting. , Seema Shah, Chief global strategist at Principal Asset Management, via NBC