Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis.

Good afternoon. Today is Wednesday, March 11th, and I'm your host, Kim Khan.

Our top story so far, inflation holds steady for now.

The February CPI showed modest monthly increases in both the headline and the

core matching expectations. Annual CPI held at 2.4 percent, and core CPI stayed at 2.5 percent. But the numbers

don't yet reflect the shock from the U.S. Israel around war, which pushed crude above $100 a barrel

from about $65 before the action.

Oil is currently around 87.

Economist Joseph Bressowales of RSM sees the CPI top line rising to 3% year-over-year in March,

and 3.5% or more in April.

That will not provide much comfort to an American Central Bank now focused like a laser beam

on short and medium-term inflation

expectations, and on notice for any bleeding of top-line inflation into the core, he said.

Scholar Wyand, CIO of Reagan Capital, says tariff refunds, if they appear, will also

juice prices. The Fed's attention now turns to the February core PCE price index out Friday.

Pantheon macro notes the CPI components feeding into the gauge were hot.

The jump in prices for computer software will boost the Core PCE deflator by 0.08 percentage

point alone, they said.

And bad news for travelers, airfares jumped 7% last month even before the surge in jet fuel. Among active stocks, Campbell's

is the biggest S&P decliner after it lowered its full-year outlook, reflecting a more

cautious view for the balance of the year. Campbells now expects full-year organic sales

growth of down 1% to down 2% versus its prior down 1% to up 1% range. Adjusted EPS of

...