CPI seen falling

|By:, SA News Editor

U.S. CPI data is due out this morning, with economists expecting that inflation fell to 1.2% on year in February from 1.6% in January.

On month, CPI is seen holding steady at +0.1%.

Core CPI is seen unchanged at +1.6% on year and +0.1% on month.

The figures will come as the FOMC convenes for its first meeting with Janet Yellen as Chair of the Fed.