CPI inflation shocker resets tariff talk
Inflation data has markets rethinking outlooks.
Updated at 8:56 AM EDT
U.S. consumer inflation eased modestly last month, data indicated Wednesday, suggesting little early impact on prices from President Donald Trump's tariff threats, which won't be worked into the economy until later this spring.
The Commerce Department said its headline Consumer Price Index for the month of February was pegged at an annual rate of 2.8%, down from the 3% pace recorded in January and just inside Wall Street's 2.9% forecast.
On a monthly basis, price pressures rose by 0.2%, slowing from the January advance of 0.5%, which was the highest since 2023. The slower monthly figure came even as domestic gasoline prices increased 1.6%.
