What we know about the inflation report: A new Consumer Price Index report was released this morning.
"Overall inflation is expected to hold steady at 3.1 percent on an annual basis. That's down notably from a 9.1 percent high in 2022, but still quicker than the roughly 2 percent that was normal before the 2020 pandemic," reports The New York Times. "After stripping out volatile food and fuel costs for a better sense of the underlying trend, inflation is expected to moderate to 3.7 percent, down from 3.9 percent in January compared with a year earlier."
