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's Consumer Price Index will serve as the latest test of whether inflation pressures have eased further.
January inflation ran hot, and the odds of Fed interest rate cuts fell as Consumer Price Index total CPI inflation ...
President Trump Wednesday blamed Biden for a hot inflation report and called for lower interest rates. The Fed is likely to ...
Analysts expect year-over-year PPI to come in at 3.2%, below December’s 3.3%, with a month-on-month reading of 0.3%, up from ...
Another month, another expected miss for inflation as it relates to the Fed’s goal, with concerns aplenty about what happens from here.
Wall Street's best-known gauge of fear and uncertainty was still indicating low volatility on Thursday, even after a ...
Expectations for rate cuts were recalibrated after CPI, with markets now predicting the Fed will hold rates steady until well ...
The U.S. consumer price index increased more than expected in January, reinforcing the Federal Reserve's message that it was ...
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