Reported about 7 hours ago
The Consumer Price Index (CPI) report for February indicates that inflation pressures have eased, which has calmed investor fears regarding the health of the US economy. The CPI increased by 2.8% year-over-year, a decrease from January's 3% rise, and core inflation grew by just 0.2% compared to the previous month. These trends suggest that both headline and core CPI are experiencing a deceleration in price growth, providing some relief to equity markets amidst ongoing economic uncertainties.
Source: YAHOO