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US: Industrial Production rose 0.7% in February

FXstreet.com (Barcelona) - The Federal Reserve informed that the US Industrial Output posted a monthly expansion of 0.7%, surpassing estimates at 0.4% and up from 0.0% in January.

In addition, Capacity Utilization rose to 79.6% from 79.2%.

US Feb Capacity Utilization improves to 79.6% vs 79.2% in Jan.

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February inflationary measures fall within Fed’s 2% threshold

The cost of living in the United States has risen by a greater margin than originally expected in the month February, due in part to the largest jump in gasoline prices in over than three years. However, despite this phenomenon, the retreat in fuel expenses this month does indeed reveal that inflation will be consistent with the Federal Reserve’s goal –not prompting additional action.
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