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US Inflation Worries Surge Amid Rising Tariffs

3/23/2025

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Summary

Story summary

US inflation is raising alarms for Federal Reserve officials as tariffs from the Trump administration threaten to push prices higher. In February, the personal consumption expenditures price index, excluding food and energy, is expected to climb by 0.3%, with the core gauge projected to surge to a 2.7% annual rate, according to a Bloomberg survey.

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Story summary

US inflation is raising alarms for Federal Reserve officials as tariffs from the Trump administration threaten to push prices higher. In February, the personal consumption expenditures price index, excluding food and energy, is expected to climb by 0.3%, with the core gauge projected to surge to a 2.7% annual rate, according to a Bloomberg survey.