The US February CPI is coming!
In February 2025, the year-on-year growth rate of the US Consumer Price Index (CPI) slowed to 2.8%, lower than the previous value of 3% and the market expectation of 2.9%; the month-on-month growth rate was 0.2%, the lowest since October 2024. The year-on-year growth rate of the core CPI (excluding food and energy) fell to 3.1%, up 0.2% month-on-month, indicating that inflationary pressure has eased, but stickiness remains.
How does NFP affect the economy? Interpretation of March non-farm payrolls data
On March 7, 2025, the U.S. Department of Labor released the non-farm payrolls data for February. The key indicators are as follows: New non-farm employment: 151,000, lower than the market expectation of 160,000, and the previous value was revised down from 143,000 to 125,000; unemployment rate ...