Inflation held steady at 2.4% in February, with core inflation at a 5-year low. However, rising energy costs from the Iran conflict could push prices up, particularly in gas, shipping, and everyday goods. Food and tariffs also contributed to Februarys rise. Despite easing from a 2022 peak, inflation remains above the Feds 2% goal. The Fed is expected to hold interest rates steady next week, awaiting more data amid mixed economic signals.
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