Inflation held steady at 2.4% in February, according to new data released Wednesday by the Bureau of Labor Statistics. While inflation remains above the Federal Reserve’s 2% target, it is significantly lower than levels seen during the height of the post-pandemic surge. Energy prices rose 0.6% in February after falling 1.5% in January, driven by ...
The annual inflation rate held steady in February, according to data released Wednesday by the Labor Department, before the war in Iran drove energy prices higher and threatened to upend the global economy. Consumer prices rose 0.3 percent in February and were up 2.4 percent over the past year, as measured by the Labor Department’s…
Inflation held steady in February ahead of the war in Iran, though economists are concerned that energy shocks from the conflict could ripple across the economy – complicating the Fed’s path to interest-rate cuts.
With energy prices jumping, analysts say the report might be viewed as a "historical artefact".
