Inflation Was Better-Than-Expected 2.8% In February—As Trump's Tariffs Linger
1. CPI rose 2.8%, below expectations of 2.9%. 2. Core CPI inflation reached 3.1%, slightly better than forecasts. 3. Tariffs on imports may drive future inflation higher. 4. Inflation remains well above the Fed's 2% target. 5. The report shows mixed signals on price trends.