US consumer spending rebounds in February; core inflation firmer
WASHINGTON (Reuters) -U.S. consumer spending rebounded in February amid rising prices for goods and services, which could amplify fears that the economy was facing a period of tepid growth and high inflation amid an escalation in trade tensions. The report from the Commerce Department on Friday showed a measure of underlying price pressures increasing by the most in 13 months. Economists say President Donald Trump's protectionist trade agenda, marked by a rush of tariff action announcements since taking office in January, will boost prices of imported goods and drive inflation higher in the months ahead.