Inflation Ticked Up Last Month, Backing the Fed’s Caution on Rate Cuts

Inflation Ticked Up Last Month, Backing the Fed’s Caution on Rate Cuts

The New York Times - Business:

Consumer prices climbed 3.2 percent last month from a year earlier, down notably from a 9.1 percent high in 2022, but still quicker than the roughly 2 percent that was normal before the pandemic.

This post first appeared in The New York Times - Business. Read the original article.