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The Consumer Price Index inflation report for February shows a decrease to 2.8%, lower than expected
US inflation fell to 2.8% in February, below expectations. Core CPI rose 3.1%. Fed policy remains cautious.
US crude oil inventories rose less than expected, while gasoline and distillates decreased significantly.
Crude oil rose 1,448,000 barrels, gasoline fell 5,737,000, and distillates dropped 1,559,000; refinery utilization decreased 0.6%.
The Core Consumer Price Index in the United States rose from 324.74 to 325.48
Consumer prices rise, Bitcoin surpasses $83,700, gold nears $2,940, and major currency pairs show upward trends.
Sellers are aiming for control in EURUSD, with 1.0872 as the key support level
Sellers control EURUSD, focusing on 1.0872 support. Resistance at 1.0936-1.0954 limits gains; breaking higher is crucial.
The Consumer Price Index in the US fell short of February’s anticipated figure of 319.22
