US consumer prices likely increased in February ahead of Iran conflict [Yahoo! Finance]
BNP PARIBAS SPONS ADR (BNPQY)
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Source: Yahoo! Finance
increased in anticipation of an escalating war in the Middle East, and with the conflict driving up oil prices, a further rise in inflation is expected in March. The anticipated increase in the ?Consumer Price Index last month would also reflect the continued, but staggered pass-through from President Donald Trump's sweeping tariffs, which he pursued under a law meant ?for use in national emergencies, that have since been struck down by the U.S. Supreme Court. The Labor Department's consumer inflation report on Wednesday is, however, expected to show underlying price pressures rising moderately last month, thanks to ?relatively cheaper used motor vehicles and airline fares. It is unlikely to have any impact on near-term monetary policy, with the Federal Reserve expected to keep interest rates unchanged next week. "The February CPI is likely to show that progress on lowering inflation is stalling out again," said Sarah House, a senior economist at Wells Fargo. "Although the con
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