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.
January CPI Report - Too hot to dismiss
CPI print was much hotter than expected and will likely make for a very uncomfortable reading for the Federal Reserve. While technical and one-off factors have added noise to January’s print, the combination of last week’s upside surprise in average earnings growth,
Traders were on guard after Federal Reserve Chair Jerome Powell said on Tuesday that the central bank is in no hurry to lower ...
January's Consumer Price Index will serve as the latest test of whether inflation pressures have eased further.
The U.S. consumer price index increased more than expected in January, reinforcing the Federal Reserve's message that it was ...
US CPI inflation data will be released today at 13h30 GMT time. Markets are paying close attention to today's release following a significant uptick in inflation expectations revealed in last week's ...
Shifting our focus to the US session, the US CPI Report could influence the Fed rate path. Economists expect the core inflation rate to ease from 3.5% in November to 3.4% in December. Hotter-than ...
The Central Bank of Nigeria has postponed its first Monetary Policy Committee (MPC) meeting for 2025 to March, following delays ...
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