Overall prices cooled slightly from a year ago, but the report included worrying signs for the Federal Reserve.
Category: Inflation (Economics)
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Stocks Sink as Stubborn Inflation Resets Fed Rate Forecasts
A hotter-than-expected inflation report led investors to push out their expectations for Federal Reserve rate cuts until later in the year.
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Latest CPI Report Is a Crucial Inflation Report Card
Investors and the White House will pore over the latest Consumer Price Index report for clues on prices — and potential interest rate cuts.
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Fed Chair Powell Says Officials Need More ‘Good’ Data Before Cutting Rates
Federal Reserve officials are debating when to lower rates. An interview with Jerome H. Powell confirms a move is coming, but not immediately.
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Turkey’s Central Bank Chief Steps Down Amid Long Inflation Battle
The government swiftly replaced her and said the change did not reflect a policy shift for the country, where annual inflation is about 65 percent.
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U.S. Leading Soft Landing for Global Economy
Economies all over the world are lowering inflation while avoiding serious recession — but growth in the United States stands out.
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The Economy Looks Sunny, a Potential Gain for Biden
Recession fears have eased. Growth and job gains are beating expectations. Inflation is cooling. Consumers are happier. The president is waiting to benefit.
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Blockbuster Jobs Report Backs Up Fed’s Patience as It Waits to Cut Rates
Given continued strength of the economy, the Federal Reserve is unlikely to feel pressure to cut interest rates at its next meeting in March.
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Biden Takes Aim at Grocery Chains Over Food Prices
President Biden has begun to accuse stores of overcharging shoppers, as food costs remain a burden for consumers and a political problem for the president.
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Eurozone Inflation Dips at Start of Year
Price pressures eased in January, resuming a downward trend after a jump in December.