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.
Key Takeaways Inflation rose unexpectedly in January, with the Consumer Price Index rising 3% over the last 12 months, up ...
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.
The Consumer Price Index for All Urban Consumers increased 0.5% on a seasonally adjusted basis in January, after rising 0.4% ...
Wall Street's best-known gauge of fear and uncertainty was still indicating low volatility on Thursday, even after a ...
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 ...
U.S. CPI report sent traders scrambling to further recalibrate their Fed rate cut expectations. Read more here.
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 ...
Inflation accelerated in January, with the consumer price index rising 3% year over year, above economists' expectations.
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