Latest U.S. Inflation Report Hints Fed's Approach Approach Is Working - But Slowly

The Fed's preferred measure of inflation has eased slightly, which is a small glimmer of hope amid the economic doom and gloom we've been hearing for close to a year. It's promising results for the Fed, who need to make some tough decisions on interest rates while avoiding raising them too high for fear of triggering a recession. But the jobs market is still strong and Silicon Valley Bank's bank run hasn't affected the data - yet. But is inflation easing thanks to tightening monetary policy, or is this a calm before the storm thanks to SVB's collapse? Let's look at the latest data and see how the land lies.