Daiwa Capital: CPI and employment data support the Federal Reserve's decision to keep interest rates unchanged in March

According to Jin Ten, Lawrence Werther, Chief Economist at Daiwa Capital Markets America, stated that the CPI report showing a slowdown in inflation for January and this week's better-than-expected employment data provide ample justification for the Federal Reserve to maintain interest rates at the March policy meeting. The year-on-year growth rates for overall and core inflation in January were 2.4% and 2.5%, respectively, reaching the minimum threshold for maintaining a patient policy. Additionally, core services inflation jumped 0.6% month-on-month, which may attract the attention of regional Federal Reserve presidents.