Golden data on March 12th: Inflation in the United States may have cooled off last month, but this could be a temporary relief as it is widely expected that Trump’s tariffs will keep prices pumped in the coming months. Economists surveyed by FactSet expect the U.S. Labor Department to release February CPI on Wednesday, with a pump of 2.9% from the same period last year. This will be slightly lower than the 3% in January, marking the first decline in five months. Core CPI is also expected to drop from 3.3% in January to 3.2%. However, both indicators largely remain at the levels reached last summer. Stubborn inflation could bring political problems for Trump, who promised to “completely eliminate inflation” during his campaign. Dan North, senior economist at Financial Service company Allianz Trade Americas, said, “There has been no real progress towards the 2% target. I suspect you will begin to see inflation data moving in the opposite direction.”
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