Regional banks rebounded, pointing to resilience in the banking sector. Annual inflation in February was 6%, in line with estimates.
. South Korea's Kospi climbed 1.1%, buoyed by an increase in banks like KB Kookmin Bank and Shinhan Financial.
Traders seem not to agree with the ratings firm, and neither does the CEO of Charles Schwab. Walt Bettinger told CNBC Of course, the muted reaction to the CPI might be because the numbers were exactly in line with estimates. And after the chaotic few days following Silicon Valley Bank's collapse, unsurprising is what markets needed. Stripping out food and energy prices, which tend to fluctuate wildly, core CPI increased 5.5% on a 12-month basis. That is to say, prices are still rising uncomfortably, but at a slower rate than in previous months.
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