Reported about 6 hours ago
New inflation data for January shows consumer prices rose more than expected, driven by significant increases in egg and energy costs, complicating the Federal Reserve's plans. The Consumer Price Index rose by 3% year-over-year, with a monthly increase of 0.5%. Despite ongoing inflation struggles, Fed officials stress that one month of data won't prompt immediate changes to interest rates. Economists are wary of potential inflation rebounds due to external factors, including recent trade tariffs announced by President Trump.
Source: YAHOO