Arabic 
US Inflation Slightly Higher – The release of the latest US inflation data resulted in mixed outcomes, pushing the probabilities of the Federal Reserve’s first rate cut to a later date beyond June’s meeting.
The Consumer Price Index (CPI) increased by 0.4% in February, in line with market expectations. This is the largest increase since August of last year. The Core CPI also increased by 0.4%, which is slightly higher than the estimated 0.3%.
The year-on-year data is the most important when it comes to inflation. The Consumer Price Index (CPI) has increased to 3.2%, up from the expected stable rate of 3.1%. However, the Core CPI Year-on-Year (YoY) has continued to decrease, reaching the lowest level since April 2021 at 3.8%, down from 3.9%. This is the 12th consecutive month of a decrease in the Core CPI YoY. These figures indicate that inflation has not yet changed course.
