US inflation cools slightly to 2.8% in February amid growth concerns over Donald Trump’s tariffs

News Snapshot:

US consumer inflation inched lower in February according to government data Wednesday, in the first full month of Donald Trump's White House return -- but concerns remain over stubborn price growth as jitters flare over the president's trade policies. The consumer price index (CPI) came in at 2.8 per cent last month from a year ago, down from 3.0 per cent in January, said the Department of Labor. This was slightly better than a consensus forecast of analysts predicted. White House Press Secretary Karoline Leavitt said the report showed "the economy is moving in the right direction under President Trump,"...