February CPI Report: What the Experts Are Saying About Inflation
Another hotter-than-expected CPI report muddies the timing for the first interest rate cut.
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Another hotter-than-expected CPI report muddies the timing for the first interest rate cut.
Job growth soared past expectations in January and wages rose faster than inflation, exhibiting more strength at the start of an election year in which the economy could be a huge factor. The U.S. economy added 353,000 jobs last month, according to Labor Department data released Friday, about double what economists were expecting in different…
Stronger-than-expected jobs growth and rising wage pressure all but eliminate the possibility of a March rate cut.
An underwhelming CPI report means the Fed isn't done fighting inflation just yet.
Contrary to most expectations, consumer inflation, bolstered by the rise in gas and shelter prices, rose again in September. It was up 0.4% for the month, and 3.7% in the past year-matching August's...