TechFlow News: On March 11, Peter Cardillo, Chief Market Economist at Spartan Capital Securities in New York, commented on U.S. CPI data, stating that “in a sense, this is good news because we are not seeing inflation accelerate. In fact, the year-on-year figure of 2.4% is not far from the Federal Reserve’s 2% target. Therefore, I view this as a relief. Of course, these data remain contingent on the progress of the war. If the conflict drags on and oil prices remain at current levels or rise further, we could see higher inflation over the coming months.” (Jinshi)
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