U.S. Inflation Rate Falls to 6% in February
Inflation in the U.S. has gradually been on a decline. The CPI fell to 7.1% in November last year, a number lower than expected. Likewise, it further dropped down to 6.5% in December and 6.4% in January this year. Now, the U.S. Bureau of Labor Statistics has released the much-awaited numbers for February. According to data, inflation dropped to 6%. The figure is exactly in line with the projected median estimate of 6%. BREAKING: US inflation falls to 6%. — Watcher.Guru (@WatcherGuru) March 14, 2023 Will regulators cut some slack? Today’s inflation numbers follow the ripe unemployment rise data that was released last week. Despite adding a slew of jobs in the month of February, the U.S. unemployment rate increased to 3.6%. Nevertheless, the Bureau of Labor Statistics employment summary of the month showed that 311,000 jobs were added last month, massively exceeding expectations by more than 200,000. The latest inflation data release, along with the employment-unemployment data,...