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WASHINGTON, DC – JUNE 14: U.S. Federal Reserve Board Chairman Jerome Powell speaks during a news … [+] conference following a meeting of the Federal Open Market Committee (FOMC) at the headquarters of the Federal Reserve on June 14, 2023 in Washington, DC. After a streak of ten interest rate increases, Powell announced that rates will remain steady and unchanged. (Photo by Drew Angerer/Getty Images)Getty ImagesMarch’s Consumer Price Index report covering the month of February is expected to show a deceleration in inflation, according to nowcast estimates. That would be welcome news for the Federal Open Market Committee after inflation has heated up a little since last September.
Even if there is some good news on inflation, there is still little chance that the FOMC cuts interest rates in March on fixed income market estimates, but the same projections suggest that there may be a summer interest rate cut. Over the intervening months, tariffs might complicate the inflation picture further.
The Timing Of March’s CPI Report
March’s CPI repor …
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