The fight against inflation continued to face headwinds in January, with consumer prices rising more than expected.
U.S. inflation rose to 3 percent in January, strengthening the case for the Federal Reserve to extend a pause on interest rate cuts.
Consumer Price Index showed that while average price gains are moderating, some everyday prices are seeing big price gains.
U.S. inflation accelerated last month as the cost of groceries, gas, and used cars rose, a trend that will likely underscore the Federal Reserve's resolve to delay any further interest rate cuts.
The price of eggs rose 15.2% from December to January on a seasonally adjusted basis and 53% from January 2024 to last month ...
The cost of food and energy continued to climb in January, hitting 3% for the first time since June 2024, pushing the cost of living higher for Americans.
The Labor Department released the consumer price index for January which showed that inflation remained elevated in as the Federal Reserve considers a continued pause on rate cuts.
Inflation accelerated in January, with the consumer price index rising 3% year over year, above economists' expectations.
A disappointing inflation reading and soaring egg prices have undermined Trump's promise to reduce costs on "day one." ...
It’s not immediately clear whether the firings are legal, as the Trump administration is required to give a 30-day notice.
US consumer prices came in hotter than expected in January as inflation showed few signs of weakening, dashing hopes for ...
The consumer price index (CPI) increased by 0.5 percent in January to hit an annual increase of 3.0 percent after advancing by 2.9 percent in December. Economists were expecting the CPI to ...
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