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Bond yields closed with back-to-back gains Wednesday after the consumer-price index report for February came in cooler than Wall Street expected.
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As inflation continued at 2.8 percent in February, tariffs have fueled worries of another recession, which President Donald Trump has declined to rule out.
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Consumer prices in February were up 2.8% from a year ago. That's a smaller annual increase than the previous month. But the president's trade war could put more upward pressure on prices.
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Economists are bracing for intensifying price pressures and slower growth, posing a challenge for the Federal Reserve.
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Consumer prices rose 2.8 percent in the year through February, a slightly better result than economists had expected. But analysts are worried that tariffs could add to future price pressures.
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