Internet reports that TS Lombard chief U.S. economist Steven Blitz wrote that inflation data did not signal the Fed to cut interest rates. Although CPI fell to 2.8% from 3% in February,"the anomalies in the data are enough to cast doubt on any attempt to view it as a trend." Blitz said commodity prices excluding food and energy grew at a seasonally adjusted annual rate of 2.7% in February, an improvement from 3.5% in January, but remained volatile. He said this was "the category where the impact of tariffs was most evident in the first round." Eventually, employment continues to rise, and inflation will rise with it.