Inflation Steady at 2.4%, Iran Conflict Poses New Threats
Denver News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Inflation held steady at 2.4% in February, matching Januarys figure, as per the Consumer Price Index. Core inflation also remained at 2.5%. Food prices surged, with eating out jumping to 3.9%. The Iran conflict threatens to reverse this progress, with oil prices spiking and gas prices potentially reaching $3.55-$3.65, then possibly dipping to $3.25. The surge could impact plastics, fertilizers, and food costs, making the path to lower inflation uncertain. The Federal Reserve may delay rate cuts until July or September, with the next decision on March 15th.
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