An inflation gauge closely watched by the Federal Reserve remained high last month even before the impact of most tariffs has been felt.

Inflation remains a top economic concern for most Americans, even as it has fallen sharply from its 2022 peak.

An inflation gauge closely watched by the Federal Reserve remained high last month even before the impact of most tariffs has been felt. Americans' spending increased after a steep fall last month but remained weak,

M/M vs. +0.3% consensus and +0.3% prior, according to data released by the Commerce Department's Bureau of Economic Analysis on Friday.

Inflation held steady in February compared to a year ago, according to a release from the Federal Reserve's preferred gauge of price increases. The reading matched economists' expectations. Consumer prices climbed 2.