"US Inflation Data: Impact on Federal Reserve Decision and Rate Cut Speculation"

The US Consumer Price Index (CPI) data for February is expected to show a 3.1% YoY increase, with the Core CPI inflation rate forecasted to edge lower to 3.7%. This report could impact the timing of the Federal Reserve's policy pivot, potentially affecting the US Dollar (USD) and currency pairs like EUR/USD. Markets are currently pricing in a 75% probability of a Fed rate cut in June, and the upcoming CPI figures could influence market positioning. The Fed aims to maintain price stability and maximum employment, and the inflation data will be closely watched as the central bank considers its policy decisions.