Global Stocks Fall and Oil Rises on US Inflation Data
US inflation rose 2.4 percent in February as global markets monitored oil supply risks. The IEA plans a record release of reserves to stabilize energy prices.
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Global financial markets retreated slightly on Wednesday as the United States released inflation data that aligned with economist expectations, though investor attention remained fixed on the geopolitical tensions between Israel and Iran. The Labor Department reported that the consumer price index (CPI) increased by 0.3% in February, resulting in a year-on-year rise of 2.4%. Core inflation, excluding food and energy, rose by 2.5%, matching forecasts.
