Consumer Price Index (CPI) Remains Muted: Economic Growth Slowdown

Consumer Inflation Remains Muted

Senior Vice President Chris Keith has the market analysis for Tuesday, March 12. Major U.S. stock indexes saw mixed results, with the Dow Jones Industrial Average down 0.4% and the S&P 500 and NASDAQ advancing 0.3% and 0.4%, respectively. Boeing’s stock fell another 6% today on continued safety concerns. Because Boeing represents approximately 10% of the Dow’s total weight, this single stock’s decline contributed significantly to the index’s 0.4% drop today. Also, the Labor Department reported that the Consumer Price Index rose just 0.2% in February and 1.5% year-over-year. This marks the smallest annual gain since September 2016.

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