US Inflation Jumps to Highest Rate Since 2023, Threatening Fed Rate Cuts
US consumer prices rose 0.5% in January, the largest monthly increase in nearly 18 months. On an annual basis, the inflation rate climbed to 3.0%, slightly above economists’ forecasts of 2.9%. Excluding volatile food and energy components, core inflation increased 0.4% for the month and 3.3% year over year. That stronger-than-expected inflation print complicates the … Read more