March 9, 2025, 11:02 a.m.

Inflation gauge increased 0.4% in February, as expected and up 6% from a year ago

The consumer price index rose 0.4% in February and 6% from a year ago, in line with market expectations.

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Something broke, but the Fed is still expected to go through with rate hikes

Markets still expect the Fed to keep up its inflation-fighting efforts, despite high-profile bank failures that have rattled the financial system.

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