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.

President Donald Trump's decision to pause so-called "reciprocal tariffs" for most countries triggered a historic stock market rally on Wednesday, but the levies that remain in place are still expected to hike prices and put the U.S. at risk of a recession, experts told ABC News.