US inflation unexpectedly increases
Inflation rose to 3% in January, its highest rate for six months, and above the 2.9% expected by economists. The rise comes weeks after the US central bank decided to hold interest rates, saying there was significant uncertainty about where the economy might be headed.
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. The Consumer Price Index jumped more than expected, data from the Bureau of Labor Statistics showed on Wednesday,
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