According to the US Bureau of Labor Statistics, February’s core Consumer Price Index (CPI) –– which excludes food and energy –– came in hotter than expected, with a month-over-month increase of 0.4% and a 3.8% year-over-year jump. The core inflation rate rose due to a sizable increase in the shelter category: 5.7% on an unadjusted annual basis.
Yahoo Finance Reporter Alexandra Canal joins the Live show to discuss the core CPI numbers and their impact on US futures and the Federal Reserve’s future policy decisions.
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