Reported about 17 hours ago
The upcoming February Consumer Price Index (CPI) report is projected to indicate a moderation in inflationary pressures, with annual inflation likely falling to 2.9% from January's 3%. This report arrives amidst growing concerns of stagflation, characterized by stalled growth and persistent inflation. Federal Reserve Chair Jerome Powell cautions that inflation pressures may continue, while analysts note that tariffs and service costs are contributing to core inflation remaining above the Fed's 2% target. Investors are closely monitoring this data as it may influence future interest rate adjustments by the Fed.
Source: YAHOO