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U.S. equities were mixed at midday as the markets weighed a better-than-expected report on inflation and more tariff news.
U.S. equities were mixed at midday as the markets weighed a better-than-expected report on inflation and more tariff news.
New consumer price index data indicated that inflation rose by 2.8% in February, lower than economists’ expected 2.9% increase.
Argentina's monthly inflation rate likely rose in February, slightly higher than the figure recorded in January, a Reuters poll of analysts showed ahead of data due on Friday. The consumer price index (CPI) is expected to have risen 2.4% in February, according to the median estimate from 24 analysts surveyed by Reuters. Argentina, a major grains exporter and emerging energy producer, has been grappling with triple-digit inflation in recent years, earning the dubious distinction of having the world's highest annual inflation rate.
Concern about the inflationary impact from tariffs has eroded confidence among both businesses and consumers, according to recent surveys.
Investors have warned the U.S. economy is reaching “correction territory.”
On March 7, President Donald Trump was in attendance at the White House cryptocurrency summit, where he announced the formation of a Strategic Bitcoin Reserve. Longtime Bitcoin investors can probably hardly believe that the day where the president of the United States could say something like "Never sell your Bitcoin" could come and go without much in the way of fanfare or bullish price action.
The Senate is expected to mark up a stablecoin bill on Thursday.
Deutsche Bank said Robinhood Markets is a "good buying opportunity" after the recent drop in the stock's price.
The investment came in the form of stablecoins and reflects the growing presence of crypto in the Middle East.
Inflation eased last month, but the data may offer less comfort to businesses, consumers and the Fed than it otherwise would as looming tariffs may keep prices rising.