The U.S. PPI monthly rate in February recorded 0.6%, which may once again indicate that the Federal Reserve will not be in a hurry to cut interest ra

According to the February PPI data in the United States, the monthly rate exceeded expectations, with a recorded increase of 0.6%, the largest increase since August 2023. Data released by the US Department of Labor on Thursday showed that the PPI data representing final demand rose 0.6% month-on-month and 1.6% year-on-year. The core PPI, which excludes the volatile food and energy categories, increased by 0.3% month-on-month and 2% year-on-year. Analysis suggests that the higher-than-expected PPI data indicates that policymakers at the Federal Reserve are facing a difficult road in their fight against inflation. Previously released US CPI data showed that overall inflation rates exceeded expectations for the second consecutive month, once again confirming market expectations that the Federal Reserve will not rush to cut interest rates.