Follow along with Investopedia's live coverage of Friday's inflation report from the Bureau of Labor Statistics.
Treasury yields rose on Thursday alongside oil prices as investors weighed the latest developments in the U.S.-Iran war.
Inflation held steady in February as the headline figure for the Consumer Price Index remained at 2.4% year-over-year.
The figures cement concerns of Reserve Bank governor Michele Bullock that the Middle East conflict could push up prices and wages.
The consumer price index was rose 2.4% in February 2026, above policymakers' target, economists said. War in Iran complicates the picture.
The China 'deflation doom loop' story certainly looks like it's aged poorly, as inflation continues to trend higher.
Top economist David Rosenberg thinks the hit to demand from high oil prices will outweigh any inflationary shock over the long run.
The Federal Reserve is still widely expected to hold interest rates steady when its officials next meet on March 17-18.
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