- Cooler-than-anticipated inflation is a relief, but it is unlikely the effect of tariffs has yet materialized in the data released Wednesday, according to economists. That hasn’t stopped the Trump administration from taking a victory lap, though.
For all the talk of tariffs and trade wars, inflation cooled in February by more than anticipated. Consumer prices rose 2.8% from a year earlier, government data released Wednesday revealed. But economists warn it could be too early for President Donald Trump’s tariffs to affect prices and for the Federal Reserve to cut interest rates.
