Inflation slows down in the USA, +6% in February in line with expectations

Inflation slows in the US

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Consumer prices in February rose by 6.0% on an annual basis, in line with analysts' expectations.

On a monthly basis, the increase was 0.4%, in line with forecasts.

Consumer prices had risen by 6.4% in January.

The inflation figure is at its lowest since September 2021. Despite the slowdown, it remains well above the Fed's 2% target, on which pressure remains high.

In the aftermath of Black Monday

- with the SVB effect that burned 291 billion in Europe with the flight from the banks despite the Fed - this morning the markets had tried to raise their heads, recovering.

The lens is on the next moves of the central banks, which in some way will have to take into account the tensions on the banking system.

First the ECB which on Thursday will have to take account of the tensions on the banking system, then the Fed. But the concern remains. 

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Yields also recovered with Treasuries maturing two years at +24 basis points.

Boost on bonds also in the Eurozone.

The international scenario remains characterized by a high degree of uncertainty and downside risks.

This was stated

in February, underlining that "a path of inflation recovery is beginning to take longer than initially foreseen".

In the fourth quarter of 2022, Italian GDP recorded a slight negative economic change as a synthesis of the positive contribution of net foreign demand and the negative one of domestic demand net of inventories.

ANSA Agency

Svb crisis, black Monday for the stock exchanges.

Europe burns 291 billion - Economy

Svb crisis, the US president tries to reassure the markets, Europe does not follow him: Milan closes at -4%, 24 billion in smoke.

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The Svb case at the Eurogroup.

More stringent rules for Italian and European banks (ANSA)