US inflation falls more than expected to 2.8% in February

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Financial Times 12h ago

US inflation falls more than expected to 2.8% in February - Financial Times

Quick Summary:

Sectors registering the biggest price increases included medical care and used cars, while air fares and new cars were among those where costs declined.

S&P 500 futures were up 1.1 per cent, compared with 0.8 per cent before the figures.

Last week, Fed chair Jay Powell played down concerns over the health of the US economy after all of the S&P 500 index’s post-election gains were wiped out following the release of disappointing employment figures for February.