February’s Consumer Price Index (CPI) report showed inflation pressures eased in February, calming some fears about the health of the US economy during a rocky few weeks for markets.
The latest data from the Bureau of Labor Statistics showed that the Consumer Price Index (CPI) increased 2.8% over the prior year in February, below January’s 3% annual gain and ahead of economist expectations of a 2.9% annual increase.
The index rose 0.2% over the previous month, a deceleration from the 0.5% increase in January and a beat compared to economists’ estimates of a 0.3% monthly uptick.
This report is meaningless because the Tariffs hadn’t been implemented. This CPI shows how Biden was doing, we will have to wait to see how Trump is doing.
I just follow the data day to day and try not to let my emotions influence me on what is happening. That is why I wasn’t a perma bear since 2022. Just a few moments ago on CNBC they said the data for the cuts that Trump has made has not shown up in the data yet.
No they acknowledge that inflation is slowing but they are waiting on the loss of jobs to show up and the debt to come down, along with slowing spending by consumers.