Inflation slowed more than expected in February and cooled for the first time in four months, but that progress may be short lived as President Donald Trump ramps up his trade war, which threatens to increase prices for Americans.
The Consumer Price Index, which measures price changes across commonly purchased goods and services, was 2.8% for the 12 months ended in February, a cooldown from the 3% annual rate notched in January, according to data from the Bureau of Labor Statistics released Wednesday. On a monthly basis, prices rose 0.2%, versus 0.5% in January.
Economists were expecting inflation to slow for the month amid falling gas prices and continued disinflation in housing-related costs. FactSet consensus estimates called for prices to rise 0.3% from January and 2.9% annually.
US stocks rallied Wednesday after the report was released, bouncing back after three weeks of declines. The Dow gained 140 points, or 0.3%, the S&P 500 rose by 1.1% and the Nasdaq Composite was 1.9% higher.
Read Full Article Here
US inflation cooled in February, but Trump’s tariff plans and trade war loom
- by: CNN Newsource
- 03.12.25
- Source:
News Channel 3-12
- 03/12/2025
Follow us
Read our latest news on any of these social networks!
Get latest news delivered daily!
We will send you breaking news right to your inbox
Have a tip? Let us know!
Recent Articles
- by: Alexandra Koch , Patrick Ward
- Source:
Fox News
- 06/02/2025
Trump admin pulls Jared Isaacman's nomination for NASA administrator, replacement to be announced 'soon'
The Trump administration recently pulled Jared Isaacman's nomination to be NASA administrator, alluding that he was not in "complete alignment" with the president's agenda.
- by: Amy Furr
- Source:
Breitbart
- 06/02/2025
WATCH — ‘Funny How That Works’: Leftist Media Blasted for Coverage of Democrat Sen. Booker’s ‘Gesture’ After Musk Was Accused of ‘Nazi Salute’
The media appears not to be lambasting Sen. Cory Booker (D-NJ) over a one-handed gesture he gave during a speech in California on Saturday, after tech tycoon Elon Musk was accused of making a similar gesture in February, with many claiming it was a “Nazi salute.”
- by: Peter Aitken
- Source:
News Week
- 06/02/2025
Donald Trump-Backed Candidate Wins Poland's Presidential Election
Populist Karol Nawrocki, who is also President Donald Trump's preferred candidate, has won Poland's presidential election with a narrow lead of 50.89 percent, according to the final vote tally.
- by: Misty Severi
- Source:
just the news
- 05/30/2025
HHS cancels over $700 million in funding for Moderna bird flu vaccine
Moderna CEO Stéphane Bancel expressed disappointment in the Trump administration's decision to pull federal funding in a statement, but said the company will "explore alternative paths forward for the program."