Did prices jump in January? Inflation report will provide latest update on consumer costs
On Wednesday the Labor Department is expected to report that in January the consumer price index rose 2.9% from a year ago, ...
2025 was supposed to be the year mortgage rates fell — but that's looking less likely
Mortgage rates rose Wednesday in response to new inflation data. But borrowers can still find affordability, even when rates ...
US inflation got worse in January with rising grocery and gasoline prices
US inflation accelerated last month as the cost of groceries and gasoline rose, a trend that will likely underscore the Federal Reserve’s resolve to delay any further interest rate cuts.
January Inflation Report ‘Throws Cold Water’ on March Fed Cut
The Bureau of Labor Statistics reported Wednesday that the CPI rose 3.0% on an annual basis in January compared to the same month last year, an uptick from 2.9% in December. On a monthly basis, the ...
Trump has a plan to lower inflation. It’s just delayed
President Donald Trump made a campaign promise to lower prices on Day One. Well, it’s Day 24, and as anyone who has gone shopping for eggs lately knows: Prices aren’t any lower than they were on ...
Fed Needs to See Resumed Inflation Progress Before Cutting: Powell
Powell said officials need to see more progress on slowing inflation before considering further rate cuts but declined to ...
Powell says Trump's comments won't affect interest rate decisions by the Fed
Federal Reserve Chair Jerome Powell said Wednesday that President Donald Trump's calls for lower interest rates won't lead ...
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January inflation ticks up to 3% annually as cost of groceries, gas, used cars rise
The latest Consumer Price Index report shows inflation ticked up to 3% in January from a year ago, a slight rise from the ...
Hopes for more Fed rate cuts dim as Powell notes hot CPI means 'we're not quite there yet'
A Fed interest rate cut won't be coming until at least September, if at all this year, following a troubling inflation report ...