There is more good news on the economic front. The rate of inflation declined significantly during President Donald Trump’s first full month in office.
The prices for goods still increased, but by a rate far less than expected, according to CNBC.
Kevin Gordon, senior investment strategist at Charles Schwab, urged caution, telling CNBS that much of the inflation data “does not incorporate what is to come and what already has happened for tariffs.”
He further noted that “The vagaries and uncertainties associated with policy are still a much stronger force in the market than anything CPI-related or in terms of one data point.”
However, egg prices are still on the rise, an issue that had affected scores of American consumers, ABC News reported.