Housing Still Biggest Contributor As Inflation Slowed Pace In February

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While the Consumer Price Index jumped a modest 0.4 percent month over month, the collapse of Silicon Valley Bank and Signature Bank could keep interest rate hikes at bay, economists said Tuesday.

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The measure for consumer inflation showed signs of cooling in February but remained stubbornly high — with housing again singled out as the biggest factor, according to data released Tuesday by the U.S.

Bureau of Labor Statistics. The Consumer Price Index jumped 6 percent yearly and rose 0.

4 […].

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