Inflation rate picked up in January, CPI report shows. Here's what it means for your money.
On a monthly basis, the CPI rose 0.5%, versus economists' forecast for a 0.3% increase, according to FactSet. That's the biggest monthly jump since August 2023. It may be due to price increases set at the start of the year by many businesses, noted Bright MLS chief economist Lisa Sturtevant in an email.
No change in interest rates is expected when the Federal Open Market Committee is scheduled to set rates again on March 19.
Inflation remains the priority for Fed officials speaking in Phoenix at a bankers conference. Jobs and the potential for ...
A small amount of inflation is normal and is seen as good for the economy by most economists. The Federal Reserve aims for inflation of 2% over the long run, and for much of the last 20 years, the U.S ...
Federal Reserve officials at a meeting last month pointed to rising risks that inflation could worsen, a key reason they kept their benchmark interest rate unchanged. According to minutes of the ...
As the Federal Reserve focuses achieving 2% inflation in setting monetary policy, so Trump’s policies, especially on tariffs, ...
Japan's core consumer inflation hit 3.2% in January for its fastest pace in 19 months, data showed on Friday, reinforcing ...
Explore why inflation forecasts remain challenging as persistent overshooting raises questions about the Fed's strategy. Read what investors need to know.
Mortgage rates went up this week because of an unexpected resurgence of inflation. The average rate on the 30-year ...
Nigeria's annual inflation rate stood at 24.48% in January, the statistics agency said on Tuesday, well down from the ...
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