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

TL;DR

Inflation rose in February but was in line with expectations, likely keeping the Federal Reserve on track for another interest rate hike next week despite recent banking industry turmoil. Jerome Powell last week told two congressional committees that the central bank is prepared to push rates higher than expected if inflation does not come down. Global Business and Financial News, Stock Quotes, and Market Data and Analysis

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