Inflation print calms markets, but tariffs still loom

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After a tough several weeks, today is a happier day on Wall Street.

February’s inflation print gave stocks a surprising but welcome boost this morning after prices last month rose less than expected.

The Consumer Price Index showed prices increased 2.8% year over year — still above the Fed’s 2% target but a decline from the 3% annual increase recorded in January. Economists had projected CPI to come in at 2.9% for the 12 months ended February.

Month over month, consumer prices were up 0.2% in February, a decline from January’s 0.5% gain. That was just under…