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The benchmark S&P 500 and the Nasdaq rose on Wednesday following data that showed slowing U.S. inflation, although concerns about the economic fallout of President Donald Trump's trade policies persisted. A Labor Department report showed consumer prices increased less than expected in February, but the improvement is likely to be temporary, given the backdrop of aggressive import tariffs. "This (CPI) is good news on the inflation front but obviously, with the imposition of tariffs, we still don't know where the real direction of inflation is at this time," said Peter Cardillo, chief market economist at Spartan Capital Securities.

(Bloomberg) -- Investors in the Treasury market look surprisingly unconcerned about price pressures ahead of a key report on US inflation on Wednesday, with focus instead on the outlook of US growth.Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsNYC Congestion Pricing Toll Gains Support Among City ResidentsElectric Construction Equipment Promises a Quiet RevolutionOpen Philanthropy Launches $120 Million Fund To Support YIMBY ReformsWhere New York City's Zoning Reform Will

(Bloomberg) -- The upcoming inflation data will have a stronger-than-usual impact on the US stock market which is already on the verge of correcting, according to JPMorgan Chase & Co. and Goldman Sachs Group Inc.Most Read from BloombergNYC Congestion Pricing Toll Gains Support Among City ResidentsTrump DEI Purge Hits Affordable Housing GroupsElectric Construction Equipment Promises a Quiet RevolutionOpen Philanthropy Launches $120 Million Fund To Support YIMBY ReformsWhere New York City's Zoning

The onset of stagflation will be much harder to ignore than a market correction.

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(Bloomberg) -- Improving economic prospects and persistent inflation are likely to prompt Poland’s central bank to keep the country’s interest rates unchanged for yet another month. Most Read from BloombergNYC Congestion Pricing Toll Gains Support Among City ResidentsTrump DEI Purge Hits Affordable Housing GroupsElectric Construction Equipment Promises a Quiet RevolutionWhere New York City's Zoning Reform Will Add HousingOpen Philanthropy Launches $120 Million Fund To Support YIMBY ReformsThe Mo

The U.S. dollar strengthened against major currencies including the yen and the Swiss franc on Wednesday as data showed a slowdown in inflation although global trade tensions suggest that concerns about consumer prices and the economy will continue to weigh on markets. That report comes on the back of a trade brinkmanship between the U.S. and its trading partners, marked by President Donald Trump's unpredictable announcements on tariffs. In the latest episode, the European Union announced on Wednesday that it will impose counter tariffs on 26 billion euros ($28.39 billion) worth of U.S. goods from April, in response to blanket U.S. tariffs on steel and aluminium that came into force earlier in the day.