
Inflation Eased in March but Tariffs Raise Risk of Higher Prices
Inflation cooled unexpectedly sharply in March, a welcome development given the uncertainties surrounding President Trump’s global tariffs that are widely expected to stoke price pressures while also denting growth. The Consumer Price Index climbed 2.4 percent last month from a year earlier, a far slower pace than February’s 2.8 percent increase and the lowest annual…