The U.S. Inflation Scare May Be Over
- Consumer price index, core both rise in line with forecasts
- Apparel strength was a surprise; shelter gain more benign
U.S. Feb. CPI Matches Estimate With a 0.2% Increase
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The great U.S. inflation scare of 2018 may be over -- for now.
U.S. consumer prices in February were not too hot, not too cold, but just right to reinforce the outlook by Federal Reserve policy makers for three interest-rate hikes this year, Labor Department data showed Tuesday. The lack of a major surprise may help calm financial markets that were roiled last month by data showing wages and prices rising faster than anticipated.