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 ...

There, the picture is better: Core CPI fell to 0.2% on a monthly basis in December, after having been stuck at 0.3% a month since August. The annual core inflation rate fell to 3.2% from 3.3%.

The closely scrutinized monthly consumer-price index is due this morning. Here are the key points: Economists expect the CPI increased 2.9% from a year earlier, the same rate seen in December. An ...

Fed officials are wary about getting through turn-of-the-year price resets, which contributed to big inflation jumps in ...

Inflation remains above the Fed’s target, and it’s widely believed that a rate cut is off the table for January ... predict that the Consumer Price Index rose 0.3% on a monthly basis in ...

The first chart is an overlay of headline CPI and core CPI (excludes Food and Energy) since the turn of the century. The highlighted two percent level is the Federal Reserve's target inflation rate.

The CPI inflation ... it means for rates. Inflation rose for the third consecutive month, reaching the highest level in five months of 2.9% year-on-year (YoY) (see Chart 1 below).