• Skip to main content
  • Skip to header right navigation
  • Skip to site footer
Bautis Financial

Bautis Financial

Secure your Castle, Achieve your Dreams.

  • Schedule a Call
  • Podcasts
    • Agent of Wealth
    • Clear a Path
  • About
    • Our Approach
    • Our Team
    • Our Difference
  • Who We Work With
    • Individuals and Families
    • Small Business Owners
    • Retirees and Pre-Retirees
    • 401k Plan Sponsors
  • Insights
    • Blog
    • Business Valuation Advisor
    • College Planning Hub
    • Discover How
    • Learning Center
    • Risk Score
  • Client Access
    • Wealth Center
    • Orion

U.S. Inflation Cooled in February, With Consumer Prices Rising Just 6% Yearly

March 14, 2023 by Bautis Financial
U.S. Inflation Cooled in February, With Consumer Prices Rising Just 6% Yearly

February Consumer Price Index data revealed that inflation cooled in February, but still remains well above the Federal Reserve's 2% target.

Consumer Price Index data released by the Bureau of Labor Statistics this morning revealed that inflation cooled modestly in February, but remained stubbornly high and well above the Federal Reserve’s 2% target.

The CPI, a closely watched inflation gauge, rose 6% in February from a year earlier, versus a 6.4% gain the prior month, marking the slowest pace since September 2021.

Headline inflation rose 0.4% over last month, also a slowdown from January’s 0.5% month-over-month increase.

Both measures were in-line with economist expectations, according to data from Bloomberg.

The data comes as the Federal Reserve contemplates its next interest rate move while confronting price pressures and bank failures.

Get instructions on how to enable our Flash News Briefing skill to your Amazon devices:

Bautis Financial’s Amazon Alexa Daily Flash News Briefing
Category: Finance NewsTag: Consumer Price Index, CPI
Previous Post: « Marc Bautis' Advisor Commentary Bautis Financial Advisor Commentary: March 13, 2023
Next Post: How to Prevent Tax Identity Theft and Safeguard Your Tax Return How to Prevent Tax Identity Theft and Safeguard Your Tax Return »

Subscribe to Our Insights

Sign up to receive valuable financial insight and updates straight to your inbox each week.

Social

Follow along on social media

Contact

Bautis Financial
7 North Mountain Ave
Montclair, NJ 07042
Get directions
862-205-5800
Contact

Navigation

  • Schedule a Call
  • Podcasts
    • Agent of Wealth
    • Clear a Path
  • About
    • Our Approach
    • Our Team
    • Our Difference
  • Who We Work With
    • Individuals and Families
    • Small Business Owners
    • Retirees and Pre-Retirees
    • 401k Plan Sponsors
  • Insights
    • Blog
    • Business Valuation Advisor
    • College Planning Hub
    • Discover How
    • Learning Center
    • Risk Score
  • Client Access
    • Wealth Center
    • Orion

Copyright © 2023 · Bautis Financial · All Rights Reserved · Powered by Mai Theme

Return to top