Hot Jan US CPI Surprise Hurts Case for Fed Ease Soon
The CPI jumped 0.5% last month after gaining 0.4% in December, the Labor said on Wednesday. In the 12 months through January, it increased 3.0% after advancing 2.9% in December. Economists polled by Reuters had forecast the CPI gaining 0.3% and rising 2.9% year-on-year.
U.S. consumer prices rose by more than expected in January, driven by a sharp increase in egg prices amid an outbreak of bird ...
The US Bureau of Labor Statistics will release the January 2025 Consumer Price Index (CPI) data on February 12 at 8:30 AM ...
It’s not just eggs. Many commonly purchased goods and services got more expensive in January, driving inflation in the wrong direction and to its highest rate since June of last year.
US CPI inflation data will be released today at 13h30 GMT time. Markets are paying close attention to today's release ...
Worries about the U.S. economy, driven by a rise in consumer prices in January, were one factor leading to oil’s decline Wednesday. But a third straight weekly climb in U.S. crude supplies and news ...
Consumer prices rose at a faster pace than expected last month, and the probability of rate cuts by the Federal Reserve has fallen, economists and strategists say.
The US Dollar Index jumped after January CPI data surprises to the upside, fueling expectations of higher rates for a longer ...
The so-called core CPI, which excludes food and energy costs, rose 0.4% in January versus an expected 0.3% and 0.2% the ...
Bitcoin sags as inflation worries return to crypto markets on the back of a grim January CPI print. Bitcoin ( BTC) dipped ...
GBP/USD turns south in the second half of the day on Wednesday and trades deep in the negative territory near 1.2400. The ...
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