Urgent: Release of the Federal Reserve's preferred inflation indicator data.

💥 One closely monitored inflation indicator 🛒 experienced a slowdown last month, indicating that prices were gradually declining before the implementation of most tariffs imposed by President Donald Trump.

✨ At the same time, consumer spending accelerated, perhaps in an effort to preempt the imposition of tariffs.

✨ A report from the U.S. Department of Commerce released on Wednesday showed that consumer prices rose by only 2.3% in March compared to the previous year, down from 2.5% recorded in February. When excluding volatile categories like food and energy, core prices increased by 2.6% compared to last year, which is less than the 2.8% recorded in February. Economists pay special attention to core prices because they typically provide a more accurate reading of future inflation trends.

✨ The slowdown in inflation may represent a temporary respite before the broad tariffs imposed by Trump begin to drive prices up in many sectors. Economists expect the recent trajectory of inflation to change, reaching 3% or more by the end of this year.