Investors are mixed on whether rising inflation will push
the Fed to hike rates again at its policy meeting next week
after the collapse of Silicon Valley Bank and Signature Bank
sparked turmoil in financial markets.
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World FX rates Euro to dollar ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
(Reporting by Herbert Lash; Editing by Andrew Heavens)
(Adds detail)
NEW YORK, March 14 (Reuters) - The dollar edged higher
on Tuesday after consumer price data showed inflation still
rising but on a downward slope, in a widely anticipated reading
that may lead the Federal Reserve to slow or even pause hiking
interest rates next week.
The dollar index rose 0.106%, with the euro down 0.12% to $1.0716.
The Consumer Price Index (CPI) increased 0.4% last month
after accelerating 0.5% in January, the Labor Department said on
Tuesday. That lowered the year-on-year increase in the CPI to
6.0% in February, the smallest annual rise since September 2021.
The CPI rose 6.4% in the 12 months through January.
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