Over the estimates inflation in the US in February

Strong ‘salma’ noted on February, obscuring prospects for Fed to start interest rates. On an annual basis the consumer price index increased 3.2% versus an estimate for 3.1%. The US inflation core increased by 3.8% against an estimate of an increase of 3.7%. It is noted that the so-called core of inflation exceeds the annual and monthly estimates, while the second consecutive monthly increase of 0.4%. The US Federal Reserve is therefore unlikely to accept the pressures to reduce its basic interest rate soon . It is currently within the range of 5.25 to 5.5% and is based on its monetary policy decisions, among others, on the evolution of inflation rates. According to most analysts, Fed will not start turning interest rates before June.