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Inflation hit 2.8% in February, adding 0.2% instead of the 0.3% economists expected.

Investors are digesting better-than-expected inflation data and bracing for the next move in Trump's escalating trade war.

Consumer prices rose 2.8% from a year earlier, data revealed. It’s a deceleration from January, but doesn’t appear to be enough to warrant an immediate interest rate cut.

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U.S. equities were mixed at midday as the markets weighed a better-than-expected report on inflation and more tariff news.

New consumer price index data indicated that inflation rose by 2.8% in February, lower than economists’ expected 2.9% increase.

Argentina's monthly inflation rate likely rose in February, slightly higher than the figure recorded in January, a Reuters poll of analysts showed ahead of data due on Friday. The consumer price index (CPI) is expected to have risen 2.4% in February, according to the median estimate from 24 analysts surveyed by Reuters. Argentina, a major grains exporter and emerging energy producer, has been grappling with triple-digit inflation in recent years, earning the dubious distinction of having the world's highest annual inflation rate.

Concern about the inflationary impact from tariffs has eroded confidence among both businesses and consumers, according to recent surveys.

Investors have warned the U.S. economy is reaching “correction territory.”