US inflation picks up in February; GDP revised lower

US inflation increased in February and likely rose further in March amid the war with Iran, a trend that is expected to keep the Fed from cutting interest rates for a while. GDP increased at a downwardly revised 0.5% annualized rate. #useconomy #gdp #inflation #iranwar #PCE #markets #News #Reuters #Newsfeed Read the story here: https://reut.rs/4tGpvru 👉 Subscribe: https://reut.rs/4b8fRGn Keep up with the latest news from around the world: https://www.reuters.com/ Follow Reuters on Facebook: https://www.facebook.com/Reuters Follow Reuters on X: https://twitter.com/Reuters Follow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en