Inflation picks up speed after Trump promised to ‘rapidly' bring down prices
1. Inflation increased to 3% in January, up from 2.9% in February. 2. The core consumer price index rose to 3.3% from 3.2% in December. 3. Pre-market trading saw S&P 500 drop around 1% amid inflation concerns. 4. Trump's tariff proposal adds inflationary pressure, impacting economic outlook. 5. Investors are speculating on Fed interest rate cuts following latest inflation data.