Inflation slowed to 2.4% in the 12 months through March, as measured by the consumer-price index. That undershot the 2.6% forecast by economists polled by The Wall Street Journal. On a core basis, excluding volatile food and energy,

U.S. consumer prices unexpectedly fell in March, but inflation risks are tilted to the upside after President Donald Trump doubled down on tariffs on imported Chinese goods even as he lowered duties on other nations.

March inflation dropped 0.1%, with YOY increases slowing to 2.4%. Click for my complete review of the latest CPI release and the effect of tariffs.