LIVE REACTION : US Inflation Rate Runs Hot In January, Puts Fed Rate Cut Bets In Jeopardy
- 2 months ago
The inflation rate dipped in January 2024, but missed the decline forecasted by economists.
Overall price pressures increased at a 3.1% annual pace last month, data from the Bureau of Labor statistics showed Tuesday, representing a notable drop from the previous reading but coming in higher than the expected 2.9% rate.
Overall price pressures increased at a 3.1% annual pace last month, data from the Bureau of Labor statistics showed Tuesday, representing a notable drop from the previous reading but coming in higher than the expected 2.9% rate.