Dollar and Oil Prices Rarely "Break 100 Together," Powell Completes Rate Cut Work

WealthCoffee · 2026-03-19T09:13:43+00:00

This week's FOMC meeting will discuss the Federal Reserve's concerns regarding the Iran situation. Overall U.S. inflation remained stable in February, with both CPI and core CPI performing in line with expectations, while the main inflationary pressure stems from oil price volatility. Despite this, core services inflation has shown some moderation.

WealthCoffee

2026-03-19 09:13:43

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This week features the FOMC meeting, and concerns over Iran’s situation are likely to be the main topic of discussion. In fact, excluding the impact of oil prices, the Federal Reserve’s situation itself is not too bad. February’s overall inflation in the U.S. remained stable. The seasonally adjusted CPI increased by 0.3% month-on-month, and was up 2.4% year-on-year. Core CPI rose 0.2% month-on-month and 2.5% year-on-year, both in line with market expectations. Although energy and food components saw a month-on-month rebound, core services inflation eased due to declines in airfare and entertainment service prices, which restrained overall inflation growth. Core goods prices remained relatively stable month-on-month.

However, the February inflation data has not fully reflected the sharp oil price fluctuations caused by the sudden change in Iran’s situation at the end of February.

We recommend accessing Caixin’s database for real-time macroeconomic, stock and bond, corporate, and financial data.

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