In some good news, inflation, as measured by the producer price index, declined from 3.5% to 3.2% for the year ending in February. The numbers were released on Thursday by the Bureau of Labor Statistics and the decline is welcome news for the economy.

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.

The latest US Consumer Price Index reading posted a 0.2% rise in consumer prices for February, a far slower pace than the 0.5% increase in January (seasonally adjusted) and was up 2.8% over the previous 12 months (not seasonally adjusted). Core inflation was up 3.1% on an annual basis. These stats were below expectations.