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"To sustainably achieve both of our dual-mandate goals, it will be important to keep any tariff-related price increases from fostering more persistent inflation," Logan said in comments prepared for delivery to a Peterson Institute for International Economics event on trade and immigration. Logan did not address U.S. President Donald Trump's decision on Wednesday to temporarily scale back most of the steep tariffs he had announced just a week earlier, though she did nod to "volatile" financial market prices as investors digest the economic implications of trade and other Trump administration policies and the uncertainties around the policies themselves.

March's Consumer Price Index could be the last time investors see moderating inflation as President Trump's tariffs threaten to upend recent easing in price growth.

The consumer price index dipped 0.1% last month after gaining 0.2% in February, the Labor Department said on Thursday. Year over year, the CPI advanced 2.4% after rising 2.8% in February. Economists polled by Reuters had forecast the CPI edging up 0.1% and climbing 2.6% year-on-year.

Traders on Thursday bet the U.S. Federal Reserve will resume cutting interest rates in June and probably deliver a full percentage point of reductions to its policy rate by the end of the year. after data showed inflation last month was softer than economists had expected. Before the data, which showed consumer prices rose 2.4% in March, down from 2.8% in February, traders had expected the Fed to cut interest rates by 75 basis points over the course of the year.

The senator grew exasperated when the nominee for vice chair for supervision suggested a wait-and-see approach on Trump policy.

A positive correlation between global oil benchmark Brent crude and U.S. equities has reemerged in 2025, reflecting concern about the slowing economy and the impact of U.S. President Donald Trump's trade wars. The current environment with widespread growth fears has spurred investors to seek new strategies. Since Trump took office on January 20, crude and U.S. stocks have moved in lockstep, as concern about the outlook for the global economy and growth have rattled sentiment across markets.

Inflation slowed sharply in March, new data showed Thursday, underscoring the continued strength and resilience of the economy ahead of President Trump’s aggressive trade moves.