Inflation rises in January, delaying Fed rate cuts
U.S. inflation climbed to 3% in January, up from 2.9% in December, driven by higher grocery, gas, and rent prices. The increase complicates the Federal Reserve’s plans for interest rate cuts, with Chair Jerome Powell reaffirming a cautious approach.
January inflation ran hot, and the odds of Fed interest rate cuts fell as Consumer Price Index total CPI inflation ...
An increase in housing-related costs is the primary driver behind jump to 3% inflation as skyrocketing egg prices push up ...
WASHINGTON (AP) — U.S. inflation accelerated last month as the cost of groceries, gas, and used cars rose, a trend that will ...
This week’s forthcoming Consumer Price Index report could show easing year-on-year inflation, increasing the potential for ...
India's retail inflation slowed to 4.31% in January from 5.22% in December, government data released on Wednesday showed.
Mortgage rates rose Wednesday in response to new inflation data. But borrowers can still find affordability, even when rates ...
The cost of food and energy continued to climb in January, hitting 3% for the first time since June 2024, pushing the cost of living higher for Americans.
U.S. consumer prices rose faster than expected in January in a sign progress on inflation may remain stalled, data showed on ...
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