Cooler inflation in February was ‘the dip before the spike,’ says economist
https://fed.brid.gy/r/https://globalnews.ca/news/11732748/inflation-canada-february-2026/
Cooler inflation in February was ‘the dip before the spike,’ says economist
https://fed.brid.gy/r/https://globalnews.ca/news/11732748/inflation-canada-february-2026/

Wall Street's major indices opened mixed as investors monitored escalating U.S.-Iran tensions near the Strait of Hormuz and digested February CPI data that met expectations, while the IEA announced a historic 400 million barrel strategic reserve release amid surging oil prices.

U.S. Consumer Price Index for February rose 0.3% month-over-month and 2.4% year-over-year, meeting market expectations, with core CPI increasing 0.2% monthly and 2.5% annually, driven primarily by housing costs while rent showed the slowest growth since January 2021.

Dollar-won exchange rate climbs to mid-1,470 won range in New York trading as oil prices and dollar index rise, reversing earlier declines driven by IEA strategic reserve release expectations, with U.S. February CPI data and Fed Vice Chair Bowman's speech scheduled for release tonight.

Global markets await key economic data releases on March 11, including US February CPI, Germany's inflation figures, Japan's PPI, and speeches from Fed Vice Chair Bowman and ECB officials, alongside OPEC monthly report and US Treasury auctions

Former US President Donald Trump highlighted a sharp decline in inflation and an unprecedented economic boom in his State of the Union address, citing falling CPI and increased oil production, while US financial markets showed mixed reactions.