Institution: Inflation data seems to leave no room for the Federal Reserve to cut interest rates

BlockBeats News: On March 13th, Steven Blitz, Chief US Economist at TS Lombard, stated that inflation data did not provide a signal for the Federal Reserve to cut interest rates. Although the CPI dropped from 3% to 2.8% in February, the anomalies in the data are enough to raise doubts about any attempt to view it as a trend Blitz stated that the seasonally adjusted annual growth rate of commodity prices excluding food and energy in February was 2.7%, an improvement from January's 3.5%, but still unstable. He stated that this is the category where the impact of tariffs was most evident in the first round. Ultimately, as the employment rate continues to rise, inflation will also increase accordingly. (Golden Ten)