the next inflation reading due on tuesday is the last significant report on us consumer prices before the federal reserve meets on march 2122 to make its next interestrate decision chaos in the banking sector following two bank failures has reoriented the market’s focus in recent days but that doesn’t change the importance of the data the us consumer price index cpi for february a key indicator of goods and services inflation is likely to show that price growth continued to moderate last month albeit just slightly from january’s level that suggests the fed’s effort to tame inflation with higher rates is working but slowly