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.
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 ...
Inflation expectations are rising, with January's CPI report expected to confirm these worries. Read more to see my thoughts.
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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Dow Jones Futures Fall Ahead Of CPI Report, Powell; Nvidia Partner Super Micro SurgesThe Dow Jones fell Wednesday ahead of the CPI inflation report and more testimony from Fed Chair Powell. Nvidia partner Super Micro surged.
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