March Inflation Rate Cools Far More Than Expected, Raises Hopes For Near-Term Fed Rate Cuts

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March Inflation Rate Cools Far More Than Expected, Raises Hopes For Near-Term Fed Rate Cuts - Benzinga

Quick Summary:

Price pressures eased more than expected in March, offering significant relief to concerns over the front-loading effects of trade tariffs and further fueling investor risk-on sentiment following President Donald Trump‘s surprising 90-day tariff pause on Wednesday.

The annual inflation rate fell to 2.4% in March, the lowest level in six months, down from 2.8% in February, according to data released Thursday by the Bureau of Labor Statistics.

On a monthly basis, the Consumer Price Index contracted by 0.1%, slowing from the 0.2% increase seen the previous month and below expectations of a 0.1% increase.