Inflation perked up more than anticipated in January, providing further incentive for the Federal Reserve to hold the line on interest rates. Find more details on the report: cnb.cx/3WVOQzH | CNBC
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Inflation perked up more than anticipated in January, providing further incentive for the Federal Reserve to hold the line on interest rates. Find more details on the report:
Inflation perked up more than anticipated in January, providing further ...
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Core inflation rate rose to 2.9% in July, as expected, key Fed measure shows
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The consumer price index increased 0.1% for the month, putting the annual inflation rate at 2.4%. Excluding food and energy, core CPI came in respectively at 0.1% and 2.8%, compared with forecasts for 0.3% and 2.9%. Weakness in energy prices helped offset some of the increases, and a handful of other key items expected to show tariff-related jumps, vehicle and apparel prices in particular, actually posted declines. Read more: cnb.cx/3ZUCHwk | CNBC
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Richard Clarida, PIMCO's global economic advisor, said Wednesday that inflation expectations data has factored into the Fed's rate decisions as much as actual inflation data. Consumer sentiment on inflation has prevented a "good news rate cut" so far, Clarida said. Watch more: cnb.cx/3HSk5qv | CNBC
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