Reported about 18 hours ago
US inflation is showing little sign of declining as healthy job growth supports the economy, leading the Federal Reserve to maintain current interest rates. Ahead of his semiannual testimony, Fed Chair Jerome Powell is expected to emphasize the economy's resilience as a reason for not rushing into rate cuts. New data suggests steady inflation rates, with the core consumer price index anticipated to rise 0.3% in January, reflecting stalled progress on disinflation despite robust employment growth.
Source: YAHOO