consumer price index report
, which rose in line with expectations by 0.4% in February, and looked ahead to the release of the latest producer price index on Wednesday. The CPI measures changes in prices for a wide range of goods and services for everyday consumers, while the PPI tracks wholesale prices. Those are the last two data points linked to inflation expected before the Federal Reserve's next interest rate decision at its meeting on March 21 and 22.
Many investors had been expecting the Fed to announce a 50 basis point rate hike at the conclusion of its meeting, after Fed Chairman Jerome Powell said that
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