Headline CPI inflation moved slightly lower in February to 2.8% year-on-year (y/y), against expectations for an uptick. Softer inflation at grocery stores was part of the story in February. Grocery price increases cooled from 3.4% y/y in January to 2.4%. This marks the first time since 2021 that grocery inflation was below headline inflation. In […]
The euro is lower for a fourth straight trading day and has deUS clined 0.10% on the day, trading at 1.0612 at the time of writing. Earlier today, the euro dropped below the 1.06 line for the first time since November 2023. US CPI expected to rise to 2.6% The US releases the October inflation […]
The post Euro Under Pressure, US Inflation Next appeared first on Action Forex.
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