U.S. CONSUMERS REMAINED CAUTIOUS ABOUT SPENDING LAST MONTH AS INFLATION TICKED HIGHER

WASHINGTON (AP) — An inflation gauge closely watched by the Federal Reserve remained high last month even before the impact of most tariffs has been felt. Americans’ spending rebounded in February after a fall last month and incomes increased. Friday’s report from the Commerce Department showed that consumer prices increased 2.5% in February from a year earlier, matching January’s annual pace. Exc…