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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The consumer price index rose 0.4% in February and 6% from a year ago, in line with market expectations.
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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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In early December, US stocks staged their most dramatic intraday reversal in months. Driven by the dual positive catalysts of chip giant NVIDIA's better-than-expected earnings report and a "Goldilocks" nonfarm payrolls report, the S&P 500 index surged as much as 1.9% within the first hour of trading.
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