U.S. Import Prices Jump Much More Than Expected In February

U.S. import prices rose by more than expected in February, driven largely by a significant rebound in fuel import prices, indicating upside pressure on headline inflation. The surprise increase heightens near-term inflation risks and could push Treasury yields higher or support a more hawkish Federal Reserve stance.

Analysis

U.S. import prices rose by more than expected in February, driven largely by a significant rebound in fuel import prices, indicating upside pressure on headline inflation. The surprise increase heightens near-term inflation risks and could push Treasury yields higher or support a more hawkish Federal Reserve stance.