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Cooling US Inflation Is Old News, But Good News
Well, what do you know? US inflation cooled considerably in February.
That's according to Wednesday's CPI release which, had it looked anything like the prior month's update, would've surely undercut risk sentiment further at a precarious moment for US equities.
Core price growth on the BLS's measure ran just 0.2% last month (0.227% unrounded), undershooting consensus and offering a reprieve for investors struggling to come to terms with a stagflationary macro backdrop across the world's large
