Inflation slowed sharply in March, new data showed Thursday, underscoring the continued strength and resilience of the economy ahead of President Trump’s aggressive trade moves.

Consumer prices rose 2.4% in March compared to a year ago, marking a cooldown during a period that preceded the recession warnings and market turmoil following President Donald Trump's recent escalation of tariffs.

Inflation cooled more than expected in March despite President Donald Trump's warnings that he would impose more tariffs. The consumer price index increased 2.4% from a year prior compared to the forecast of 2.