Inflation rate picked up in January, CPI report shows. What it means.
Inflation accelerated in January, rising 3% on an annual basis, indicating that the Federal Reserve's push to drive inflation down to a 2% annual rate has stalled out, at least temporarily. The Consumer Price Index was forecast to rise 2.
Inflation came in hotter than expected in January
Inflation accelerated in January, with the consumer price index rising 3% year over year, above economists' expectations.
Inflation Picks Up More Than Expected in January, Hitting 3%
Inflation picked up more than expected in January, returning to a 3% rate for the first time in seven months. The continued stalled progress on taming price growth will keep central bank officials from lowering interest rates and could even raise the specter of rate hikes.
Bitcoin drops on hotter-than-expected inflation reports
Bitcoin drops 1.3% as inflation impacts crypto markets, with CPI surpassing expectations and Fed maintaining restrictive stance.
Inflation Picks Up Speed, Rising to 3% in January
The fight against inflation continued to face headwinds in January, with consumer prices rising more than expected.
US inflation unexpectedly increases to 3% in January
US inflation unexpectedly increased to 3 per cent in January, bolstering the case for the Federal Reserve to proceed slowly with interest rate cuts and hitting stocks and government bonds. Wednesday’s figure from the Bureau of Labor Statistics surpassed the expectations of economists polled by Reuters,
Inflation Rises Sharply in January
A key government report showed inflation in the United States rose 0.5% in January, much more than expected. The January Consumer Price Index for January was released on Wednesday morning. The predictions were that inflation would come in at 0.
US inflation worsened last month with cost of groceries and gasoline rising
The consumer price index increased 3% in January from a year ago, Wednesday’s report from the Labor Department showed, up ...
Hot Inflation In January 2025 Reduces Odds Of Fed Interest Rate Cuts
January inflation ran hot and the odds of Fed interest rate cuts fell as Consumer Price Index total CPI inflation accelerated ...
After CPI inflation report, fed-funds futures traders push back Fed rate-cut expectations
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 ...
Federal Reserve holds interest rates steady as inflation remains above 2%
The Federal Reserve opted to leave its benchmark interest rate unchanged in its first policy meeting since President Trump's ...
Inflation Was 3% In January As Egg Prices Soared 15%
The price of eggs rose 15.2% from December to January on a seasonally adjusted basis and 53% from January 2024 to last month ...
Inflation is not coming unglued, CPI shows. That keeps the Fed stuck in place.
Consumer prices rose sharply in January, underscoring why the Federal Reserve is in “no hurry," in the words of its chairman, to cut U.S. interest rates again. The consumer-price index rose a stiff 0.
WGBH33m
Federal Reserve's Jerome Powell says there's no need to rush on interest rate cuts
Powell was also asked about the high cost of home ownership and President Trump's trade policies, but as usual, the Fed chair ...
Stock market today: Wall Street opens lower following hot inflation data
U.S. stocks are sinking after a report said inflation is unexpectedly getting worse for Americans. The S&P 500 fell 0.9% in ...