US Inflation Drops Below Expectations – Will the Fed Cut Interest Rates?

In February, the US Core Inflation rate declined from 3.3% to 3.1%, and the US Inflation rate dropped from 3% to 2.8%. The inflation index releases have left many surprised, as the general expectation was that the core inflation rate would drop from 3.3% to 3.2% and the inflation rate would decline from 3% to 2.9%. The development has triggered discussions on Fed rate cuts. Will the US Federal Reserve cut interest rates? Let’s analyse!