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RTX - Warm February CPI Resilient Stocks: Fed Seen Cutting By June
Raytheon Technologies Corporation
2024-03-12 10:05:06 ET
Summary
February CPI came in at 0.44% month-over-month, the highest increase since August 2023.
Core inflation rate was 0.4%, higher than expectations, with a 3.8% annual change.
Despite the hotter-than-expected report, stock market futures held their gains, and rate cuts are still on the table, likely in June.
February Headline CPI came in at 0.4% month-over-month, in line with the consensus estimate but also the highest monthly increase since August 2023. The year-over-year rate verified at 3.2%, higher than the 3.1% forecast....