Inflation Rises Unexpectedly, Complicating Picture for the Fed
“Core” C.P.I., which more closely reflects underlying inflation by removing volatile food and energy prices, also showed little improvement. It rose 0.4 percent from December or 3.3 percent on a year-over-year basis, both higher than economists expected. The monthly increase in core prices was the highest since April 2023.
U.S. consumer inflation ticked surprisingly higher in January, data indicated Monday, sending stocks sharply lower as price ...
January inflation ran hot, and the odds of Fed interest rate cuts fell as Consumer Price Index total CPI inflation ...
January's Consumer Price Index will serve as the latest test of whether inflation pressures have eased further.
US inflation picked up broadly at the start of the year, further undercutting chances of multiple Federal Reserve ...
Traders in the federal-funds futures market on Wednesday morning pushed back their expectations for the Federal Reserve to cut its benchmark interest rate to the fourth quarter of 2025, after weighing ...
Inflation slowed through much of last year – falling as low as 2.4% from a 40-year high of 9.1% in mid-2022 – but it has remained stubbornly high since fall. The cost of services such as car insurance ...
Federal Reserve Chair Jerome Powell said the latest consumer price data show that while the central bank has made substantial ...
Inflation accelerated in January, with the consumer price index rising 3% year over year, above economists' expectations.
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