• Inflation rose in February but was in line with expectations, providing a key input into whether the Federal Reserve continues to raise interest rates.
• The consumer price index increased 0.4% for the month, putting the annual inflation rate at 6%, the Labor Department reported Tuesday. Both readings were exactly in line with Dow Jones estimates.
• Excluding volatile food and energy prices, core CPI increased 0.5% in February and 5.5% on a 12-month basis rates.

Tagged: #Bidenflation