US expected to report strong consumer price increases in February

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By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer prices likely rose at a solid pace in February amid sticky rental housing costs, but economists are divided on whether the data will be enough to push the Federal Reserve to hike interest rates again next week after the failure of two regional banks. The report from the Labor Department on Tuesday, which is also expected to show goods inflation picked up in part due to an anticipated rebound in prices of used motor vehicles, will be published amid financial market turmoil triggered by the collapse of Silicon Valley Bank in California and S…

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