Inflation leaped 3% in January. What food costs increased the most?
Inflation picked up for a fourth straight month in January amid another rise in in food and energy costs, possibly setting the stage for a year of halting progress in the battle to slow consumer price increases as President Trump rolls out myriad import tariffs.
Inflation leaped 3% in January. Here's what it means for Fed rate cuts
The Fed lowered its key interest rate by a total percentage point at three meetings late last year but held it steady in late January as inflation remained stuck just below 3%. Wednesday’s report on consumer price increases could prompt officials to hold the rate steady again at a mid-March meeting.
Inflation Rises Unexpectedly, Complicating Picture for the Fed
U.S. inflation rose to 3 percent in January, strengthening the case for the Federal Reserve to extend a pause on interest rate cuts.
US Inflation Tops Forecasts, Dimming Chances for Fed Rate Cuts
Underlying US inflation last month rose by the most since March, diminishing chances the Federal Reserve will lower interest rates anytime soon.Most Read from BloombergSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterThe Forgotten French Architect Who Rebuilt MarseilleIn New Orleans,
Inflation Heated Up in January, Freezing the Fed
Consumer prices rose 3%, extending a recent pattern of increases at the start of the year that likely derails the prospect for Fed rate cuts so long as the economy remains solid.
Powell said the Fed is in no hurry to cut rates. CPI inflation report likely to show why.
Jerome Powell made it clear this week the Federal Reserve is in “no hurry” to cut U.S. interest rates in light of lingering inflation and a strong economy. The January report on consumer prices is likely to explain why.
Fed's Powell heads back to Congress as data shows inflation jump in January
U.S. consumer prices rose faster than expected in January in a sign progress on inflation may remain stalled, data showed on ...
Crain's Detroit2h
Inflation tops forecasts, dimming chances for Fed rate cuts
Economists see the core gauge as a better indicator of the underlying inflation trend than the overall CPI that includes often-volatile food and energy costs. The headline measure rose 0.5% from ...