Reported about 20 hours ago
The latest CPI report indicates that consumer prices rose by 3% in January, surpassing expectations, with significant increases in costs for eggs and energy. The core inflation rate also increased, suggesting persistent inflation challenges ahead for the Federal Reserve, especially as new tariffs are implemented under President Trump's administration. Experts caution that continuous inflation above the Fed's 2% target complicates the central bank's decision-making on interest rates.
Source: YAHOO