Inflation Heated Up in January, Freezing the Fed
Consumer prices rose 3%, extending a recent pattern of increases at the start of the year that likely derails the prospect for Fed rate cuts so long as the economy remains solid.
Inflation Was 3% In January As Egg Prices Soared 15%
The price of eggs rose 15.2% from December to January on a seasonally adjusted basis and 53% from January 2024 to last month as bird flu ravages the national supply of eggs. That helped boost the CPI’s food at home annual inflation sub-index to 1.9%, its highest reading since October 2023.
Inflation leaped 3% in January. Here's what it means for Fed rate cuts
Inflation slowed through much of last year – falling as low as 2.4% from a 40-year high of 9.1% in mid-2022 – but it has remained stubbornly high since fall. The cost of services such as car insurance, auto repairs and health care have continued to rise in part because of the delayed effects of pandemic-related vehicle shortages or wage increases.
What To Expect From January 2025's Inflation Report
CPI report will likely show some inflation, but not enough to alarm the Federal Reserve. Read more to see my thoughts on the report.
Inflation remained stubbornly high in January, new data expected to show
Another risk for policymakers: the “January effect,” or the resetting of consumer prices for things like rents and other services, which could fuel hotter inflation at the beg
Everyday prices increased again in January, and so did inflation
Consumer Price Index showed that while average price gains are moderating, some everyday prices are seeing big price gains.
Inflation rises 3% in January, hotter than expected
The Labor Department released the consumer price index for January which showed that inflation remained elevated in as the Federal Reserve considers a continued pause on rate cuts.
US inflation rose a higher-than-expected 3% in January, dashing hopes for interest rate cuts
US consumer prices came in hotter than expected in January as inflation showed few signs of weakening, dashing hopes for ...
Inflation picked up in January. Here's what it means for your money.
Inflation accelerated in January, rising 3% on an annual basis, indicating that the Federal Reserve's push to drive inflation down to a 2% annual rate has stalled out, at least temporarily.
'Terrifying' January Was Hottest in Recorded History, Say Scientists
"The fact that the latest robust Copernicus data reveals the January just gone was the hottest on record, despite an emerging ...
Top Justice Department official accuses FBI leadership of ‘insubordination’ over January 6 inquiry
The acting deputy attorney general accused FBI leadership of “insubordination” by refusing to identify a “core team” of ...
Earth just experienced its warmest January on record
The average surface air temperature was 55.81 degrees Fahrenheit That's 1.42 degrees Fahrenheit above the 1991-2020 average ...
Solid January Jobs Data Will Likely Keep Fed Interest Rate Cuts On Hold
The January jobs report revealed a drop in the unemployment rate to 4%, accompanied by payroll gains of 143,000. A Fed ...
Employers added 143,000 jobs in January amid a slowdown in the labor market
The U.S. economy added fewer jobs in January than economists had forecast, although the jobless rate edged lower.
January jobs report: Economy at full employment. Wage pressure picks up.
Economists had been expecting an overall healthy reading, with 169,000 net new jobs created in the month and the unemployment ...
Here's the inflation breakdown for January 2025 — in one chart
The consumer price index rose 3% on the year in January 2025. Economists worry that broad disinflation is over, even as ...