Inflation held steady last month
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Follow along with Investopedia's live coverage of Friday's inflation report from the Bureau of Labor Statistics.
The consumer price index was rose 2.4% in February 2026, above policymakers' target, economists said. War in Iran complicates the picture.
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There's a major inflation risk lurking for the economy as the Iran war drags on, and it's not oil
Oil prices have been the key focus for markets during the Iran war, but curtailed flows of fertilizer products threaten to send food costs soaring.
March 12 (Reuters) - Goldman Sachs has pushed back its forecast for the U.S. Federal Reserve's rate cuts, and now expects quarter-point reductions in September and December, citing rising inflation risks linked to the Middle East conflict.
U.S. Treasury yields moved higher on Wednesday as assessed February's inflation report and monitored developments on the US-Iran war front.
As energy prices rise, the inflation picture is muddied by an unusual divergence between two key gauges of consumer costs.
The United States reported steady inflation for February, but rising geopolitical tensions are complicating the outlook for markets and policymakers. Data released on March 11 by the U.S. Bureau of Labor Statistics showed that the Consumer Price Index (CPI) remained at 2.
The Iran war has rattled global energy markets, but analysts say Europe can avoid a full-blown 2022-style supply crisis.