Institution: Inflation data does not seem to leave room for the Fed to cut interest rates

Odaily Planet Daily News TS Lombard Chief U.S. Economist Steven Blitz wrote that inflation data does not provide the Federal Reserve with a signal to cut interest rates. Although the CPI fell from 3% to 2.8% in February, "the anomalies in the data are enough to cast doubt on any attempt to view it as a trend." Blitz said that commodity prices excluding food and energy increased by 2.7% in February after seasonal adjustments, an improvement from 3.5% in January, but still unstable. He said this is "the category where the impact of tariffs was most obvious in the first round." Ultimately, as employment continues to rise, so will inflation.