Consumer Price Index is on target as predicted

The numbers for the Consumer Price Index fell in line with what analysts were expecting.

The February CPI numbers show prices up 0.4 percent, while year over year prices are sitting at 6 percent. The Food Index rose slightly at 0.4 percent, while energy costs fell 0.6 percent.

This comes after the collapse of several banks across the country, leaving many financial experts wondering if the Federal Reserve will continue their rate hike campaign and for how long.