Inflation rates appear to have cooled slightly, with consumer prices rising 2.8% year-over-year, down from January's 3%. Monthly gains were also lower than expected, at 0.2%. Key factors include decreasing gasoline prices and stable grocery costs, despite rising egg prices due to avian flu. The Federal Reserve is likely to maintain interest rates steady at their upcoming meeting. However, President Trump’s trade war heightens inflation concerns, as newly imposed tariffs on steel and aluminum could lead to retaliatory measures from trading partners, potentially reversing recent progress against high prices.
Inflation continues to be a concern as President Trump’s trade war looms, with tariffs potentially exacerbating price pressures just as signs of easing inflation emerge.
Consumer prices rose 2.8% year-on-year, signaling a slowdown, yet the trade war poses risks that could undermine these positive developments in inflation.
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