TechFlow news, on March 12, according to Jinshi Data, U.S. inflation may have cooled last month, but this could be a temporary reprieve as Trump's tariffs are widely expected to keep prices rising in the coming months.
Economists surveyed by FactSet expect the Consumer Price Index (CPI) for February, to be released Wednesday by the U.S. Department of Labor, to rise 2.9% year-on-year. This would mark a slight decline from January's 3% and the first drop in five months. Core CPI is also projected to fall from 3.3% in January to 3.2%. However, both measures remain largely stuck at levels reached last summer. Persistent inflation poses a political challenge for Trump, who campaigned on a promise to "totally eliminate inflation."
"There's been no real progress toward the 2% target," said Dan North, senior economist at financial services firm Allianz Trade Americas. "I suspect you're going to start seeing inflation data head in the opposite direction."
