• The U.S. Consumer Price Index (CPI) rose to 3.2% year-over-year in February, slightly exceeding forecasts.
• The core CPI, which excludes food and energy costs, also surpassed expectations, reaching 3.8%.
• This unexpected inflation rise signals persistent economic challenges and may influence the Federal Reserve’s rate cut expectations.

For a more detailed analysis, read the full story on CoinDesk.