US Inflation Remains High in February, Posing Challenges for Potential Rate Cuts

Recent data shows US inflation remained high in February while the jobs market remained strong, complicating the Fed's path to potential rate cuts later this year. Producer prices rose more than expected in February, with core PPI up 0.3% versus a forecast 0.2% increase. January's consumer price index also showed inflation outpacing forecasts. Job growth was strong in February, but the unemployment rate rose to a two-year high of 3.9%.