00:00 It's Benzinga and here's what's on the block.
00:02 Recent data shows US inflation remained high in February while the jobs market remained strong,
00:06 complicating the Fed's path to potential rate cuts later this year.
00:09 Producer prices rose more than expected in February with core PPI up 0.3% versus a forecast
00:15 0.2% increase. January's consumer price index also showed inflation outpacing forecast.
00:20 Job growth was strong in February but the unemployment rate rose to a two-year high of 3.9%.
00:24 Retail sales in January and February fell short of estimates,
00:28 indicating consumers are cutting back due to high inflation. The Fed looks unlikely to cut rates
00:32 before June given the lack of evidence inflation is easing meaningfully. For all things money,
00:36 visit Benzinga.com.
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