US inflation data will give investors a snapshot of how the world’s biggest economy entered Donald Trump’s war in Iran and how price pressures changed during the first month of the conflict.
February’s core personal consumption expenditures index — the Federal Reserve’s preferred inflation metric, which strips out volatile food and energy prices — will be released on Wednesday. Economists polled by Reuters expect it to show a 0.4 per cent increase in the month, matching the rise in prices in January. The headline figure is expected to tick up to 0.4 per cent from 0.3 per cent in January.
Data for March inflation due two days later will show how much that picture changed after the US and Israel launched strikes on Iran on the last day of February.