Investors shrugged off Tuesday's consumer price index reading, even though inflation worries have accelerated in recent months.
The consumer price index rose 0.2% in February, matching estimates.
Gabriela Santos, global market strategist at J.P. Morgan Asset Management, sees inflation moving to the Federal Reserve's 2% target, but doesn't see risk of "runaway inflation."
Could President Trump's tariffs spark inflation? Watch former U.S. Labor Secretary Robert Reich's take on tariffs: