Economists are bracing for intensifying price pressures and slower growth, posing a challenge for the Federal Reserve.

U.S. consumer prices increased moderately in February as higher shelter costs were partially offset by cheaper airline fares, giving the Federal Reserve room to keep interest rates unchanged next week while monitoring the economic impact of a trade war.

Inflation eased more than expected in February, according to the consumer price index. Trump's tariffs are likely to propel prices higher