US February CPI Rises 2.4% Year-over-Year; Market Expects Fed May Cut Rates in July

GateUser-bd883c58 · 2026-03-12T22:56:16+00:00

On March 11, data from the U.S. Department of Labor showed that the Consumer Price Index rose 2.4% year-over-year in February, while core CPI increased 2.5%. Analysis indicates the data reflects inflation conditions before the conflict, and rising international oil prices could lead to a rebound in inflation pressure. Despite nonfarm payroll data coming in below expectations, the market still anticipates the Federal Reserve will cut rates in July.

GateUser-bd883c58

2026-03-12 22:56:16

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On March 11, according to CCTV Finance, data released by the U.S. Department of Labor showed that in February, the U.S. Consumer Price Index (CPI) increased by 2.4% year-on-year; excluding volatile food and energy prices, the core CPI for February rose by 2.5% year-on-year.

Analysts pointed out that this data reflects the U.S. inflation situation before the outbreak of military conflict in the Middle East. Considering the recent surge in international oil prices and the ongoing blockade of the Strait of Hormuz, the risk of a rebound in U.S. inflation pressure cannot be ruled out at this time. Even though recent non-farm payroll data significantly fell short of expectations, the market still anticipates that the Federal Reserve may only cut interest rates again in July this year.

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