Expectations were met for February’s consumer price index, but concerns remain. Housing inflation has faded, helping to ease pressure on the Federal Reserve. However, a jump in oil prices introduces new uncertainty about the economic outlook. Despite this, the S&P 500 dropped slightly despite a strong earnings report from Oracle.
Source: https://www.investors.com/news/economy/cpi-inflation-oil-prices-tariffs-federal-reserve-sp-500