U.S. February PPI Year-over-Year Rises to 3.4%, Surpassing Expectations; Market Lowers Fed Rate Cut Bets for 2026

GateNews

2026-03-18 12:43:29

Gate News reports that on March 18, the U.S. February Producer Price Index (PPI) annual rate was 3.4%, higher than the market expectation of 2.9%, with the previous value at 2.90%, reaching a new high since February last year. Analyst Adam Button from the U.S. financial website investinglive pointed out that this is the last undisturbed PPI data before recent geopolitical events erupted, with year-over-year data reaching the highest level since January 2025. As a result, traders further lowered their bets on the Federal Reserve cutting interest rates in 2026.

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