TechFlow news, on March 13, according to Jinshi News, TS Lombard's chief U.S. economist Steven Blitz said inflation data has not given the Fed a signal to cut rates. Although February's CPI dropped from 3% to 2.8%, "the anomalies in the data are sufficient to cast doubt on any attempt to interpret it as a trend."
Blitz noted that seasonally adjusted annual growth in prices of goods excluding food and energy improved to 2.7% in February, down from 3.5% in January, but remains unstable. He stated this is "the category where tariff impacts were most evident in the first round." Ultimately, as employment continues to rise, inflation will follow.
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