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US inflation fell more than expected to 2.8% in February

  • U.S. Inflation fell to 2.8% in February from 3% in January, according to the Labor Department.
  • Core prices, excluding food and energy, increased by 3.1%, the lowest since April 2021, as reported by the Labor Department.
  • Inflation remains above the Federal Reserve's 2% target, and concerns linger due to tariffs, according to economists.
  • Federal Reserve Chair Jerome Powell indicated that the Fed is likely to keep its key interest rate unchanged until further economic evidence is available.
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Barron's broke the news in New York, United States on Tuesday, March 11, 2025.
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