— U.S. consumer prices rose more than expected in January — +0.5% — on increases in shelter, food and energy costs, driving the annual rate of inflation to 3% and making Fed rate cuts less likely before Sept.
— U.S. producer prices also increased more than expected in January — +0.4% — driven by increases in hotels/travel accommodations, diesel fuel and eggs due to bird flu.
— The Trump administration announced it is considering global “reciprocal” tariffs to match what other countries levy on U.S. exports, with a report on implementation due April 1.
— Chinese stocks hit a three-year high on investor enthusiasm about DeepSeek and Chinese AI capabilities as well as the government becoming more supportive of the private sector.
— 85% of 1,600 large company executives surveyed said their companies plan to proceed with their sustainability and climate reporting plans even if government regulations change.
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