CPI data showed that inflation cooled down, but it is of course still too high for the FED. YOY inflation slowed down to 5%, from 6% a month earlier and monthly inflation came in at 0,1% after 0,4% in february. While both numbers where better than expected, the core CPI came in higher than before (YOY 5,6% after 5,5%). A rate cut by the FED at the end of 2023 seems to be very unlikely now. As these numbers are way above the FEDs 2% target, more rate hikes will most certainly come.
