U.S. February Unadjusted CPI Annual Rate to Be Released at 20:30 Tonight, Expected at 2.4%

BlockBeats news: On March 11, the U.S. Department of Labor will release the February unadjusted CPI data at 20:30 tonight, with market expectations at 2.4%, compared to the previous value of 2.4%.
The Consumer Price Index (CPI) is a measure of price changes for goods and services related to household consumption, commonly used as a key indicator of inflation. A higher actual figure than the forecast is bullish for the U.S. dollar. The data tracks changes in the prices of goods and services purchased by consumers.
The previous February non-farm payroll data showed weaker-than-expected employment performance, sharply contrasting with the market's general expectation of strong resilience. However, market expectations for rate cuts did not adjust significantly, with interest rate market data indicating that the next cut is still likely to occur in the second half of the
year.