Inflation Stays High in February While Some Bet on Fed Rate Cuts This Year

Inflation remains elevated as consumer prices rose 0.4% in February, but some analysts still expect a Fed rate cut this year.

Core inflation, stripping out food and energy, rose 0.4% in February to 3.8% annually - higher than expected.

Shelter inflation showing early signs of cooling, which could give Fed confidence for rate cuts if the trend continues.

Investors betting on first 2023 rate cut coming in June, but outlook uncertain amid sticky inflation data.

JPMorgan CEO Jamie Dimon says Fed should wait beyond June for rate cuts until inflation outlook is clearer.