Report Expected to Show Stubbornly High Inflation

“Inflation is expected to have stayed stubbornly high in February, an unwelcome sign for the Federal Reserve as it grapples with the prospect of a sharp slowdown in growth as a result of President Trump’s trade war,” the New York Times reports.

“The latest reading of the Consumer Price Index, set for release on Wednesday, is forecast to have risen 2.9 percent from a year earlier, according to estimates from economists compiled by Bloomberg. That would represent a 0.3 percent monthly gain, a deceleration from January’s surprisingly large 0.5 percent increase but high enough to keep the central bank on edge about how it handles price pressures.”