The Consumer Price Index rose 0.4% after accelerating 0.5% in January, the Labor Department said on Tuesday. That lowered the year-on-year increase in the CPI to 6.0% in February, the smallest annual gain since September 2021. The CPI rose 6.4% in the 12 months through January.
Core CPI without food and energy prices increased 0.5% after rising 0.4% in January. Year over year core CPI gained 5.5% vs 5.6% in January. Economists polled by Reuters had forecast monthly CPI and core CPI up 0.4%.STOCKS: U.S. stock index futures extended gains and were last up 1.2%, pointing to a solid open on Wall Street BONDS: U.S. Treasury yields seesawed lightly, with the 2-year note last off at 4.234%, and the 10-year note a bit lower at 3.5676% FOREX: The euro ticked 0.
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