Inflation rate picked up in January, CPI report shows. Here's what it means for your money.
On a monthly basis, the CPI rose 0.5%, versus economists' forecast for a 0.3% increase, according to FactSet. That's the biggest monthly jump since August 2023. It may be due to price increases set at the start of the year by many businesses, noted Bright MLS chief economist Lisa Sturtevant in an email.
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.
Economists were already scaling back predictions of multiple Federal Reserve interest rate cuts this year after data ...
2don MSN
U.S. inflation accelerated last month, unwelcome news that make lower interest rates less likely any time soon.
On Wall Street, investors got a hot inflation report and tough talk from JPMorgan CEO Jamie Dimon, while Washington had ...
Higher inflation readings left Fed officials telling lawmakers, business executives and the public that they may be waiting ...
It’s not just eggs. Many commonly purchased goods and services got more expensive in January, driving inflation in the wrong ...
High CD interest rates may remain high now that inflation's ticking up again. Here's what savers should consider.
The Federal Reserve's widely panned and soon-to-be-revised "average inflation targeting" strategy may survive mostly intact ...
The change was slightly above analysts' expectations and is likely to bolster reluctance at the Fed to cut interest rates any further.
US stocks moved higher on Thursday after President Donald Trump said he plans to introduce reciprocal tariffs later in the ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback