The producer price index was expected to increase 0.3% in February, according to Dow Jones estimates.
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Key Fed inflation gauge rose 0.3% in February, less than expected
The personal consumption expenditures price index excluding food and energy was expected to rise 0.4% in February.
Jobless claims edge up to 198,000, higher than expected
Jobless claims rose 7,000 from the previous period and were a bit higher than the 195,000 estimate.
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BlackRock warns that investors are making a mistake by betting on the Fed to cut rates
The expectation for cuts would be consistent with a recession and an accompanying fall in inflation.