PANews reported on March 12 that according to Jinshi, inflation in the United States may have cooled last month, but this may be a short-lived relief as Trump's tariffs are widely expected to keep prices rising in the coming months. Economists surveyed by FactSet expect the U.S. Department of Labor to release the CPI in February on Wednesday to rise 2.9% from a year earlier. This would be a slight drop from 3% in January and the first decline in five months. The core CPI is also expected to slip to 3.2% from 3.3% in January. However, both indicators have largely remained at levels reached last summer. Stubborn inflation will cause political problems for Trump, who promised to "eliminate inflation completely" during his campaign. "There has been no real progress on the 2% target," said Dan North, senior economist at Allianz Trade Americas, a financial services company. "I suspect you'll start to see inflation data moving in the opposite direction," said Dan North, senior economist at Allianz Trade Americas, a financial services company.
Economists generally expect inflation to slow last month, but the trade war could reignite it
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