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All of February's factory cost inflation measures came in lower-than-expected in the Producer Price Index report released Thursday. Economists are weighing in on what it could mean for the U.S.

Thursday's reading of wholesale inflation follows a better-than-expected reading of consumer prices on Wednesday.

Even good news on U.S. inflation isn't assuaging jittery investors focused on the risks of a burgeoning global trade war.

Warning signs have been flashing and markets have been sliding amid policy uncertainties and some troubling macroeconomic indicators.