SVB collapse and the state of the U.S. economy

More on the fallout from the SVB collapse and what it means for the U.S. economy. NBC News has more: 

Price growth cooled to an annual rate of 6% in February, according to data released Tuesday by the U.S. Bureau of Labor Statistics. The annual reading was lower than January’s 6.4% year-over-year level and in line with economists’ forecasts. 

On a monthly basis, prices rose 0.4% in February from January, down slightly from January’s 0.5% increase, the latest Consumer Price Index reading showed. 

Energy costs continued to fall, with prices 5.2% higher in February year-over-year compared with an 8.7% increase in January. Food price increases also cooled, rising 0.4% last month since January compared with 0.5% the month before, but remain broadly steeper than a year ago — up 9.5% on since last February. 

The latest inflation data comes as Wall Street and economists continue to process the collapses of Silicon Valley Bank on Friday and the New York-based Signature Bank on Sunday and their impact on the broader economy. 

Also, Transformation Tuesday. 

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