The February consumer price index (CPI) report is set to be released in just over an hour. CPI is a crucial economic indicator used to measure inflation levels in the economy. This data is eagerly awaited by economists, policymakers, and investors as it provides insights into the current state of inflation.
This release comes on the heels of President Biden unveiling a $7.3 trillion election year budget. The budget proposal is a key part of the President's economic agenda and has been a focal point of his campaign messaging. President Biden has been emphasizing his plans to steer the economy in a different direction than his predecessor, former President Trump.
