U.S. Inflation Cools in February amidst Threat of Tariffs and Trade War

In February, U.S. consumer prices rose by 0.2%, marking the smallest increase since October, as reported by the Bureau of Labor Statistics under the Labor Department. Egg prices spiked by 58.8% year-on-year in February due to an avian flu outbreak that led farmers to cull hens. Chief economist at FHN Financial, Chris Low, highlighted concerns about inflation stemming from President Donald Trump's tariffs hike on imports. Year-over-year inflation climbed by 2.8% in February, showing a slight decrease from the 3% surge in January, signaling some relief from inflation pressure.