The key indicator is an alarming sign that price pressures remain entrenched in the U.S. economy and could lead the Fed to keep raising interest rates well...
The key indicator is an alarming sign that price pressures remain entrenched in the U.S. economy and could lead the Fed to keep raising interest rates well into this year.
Friday’s report from the Commerce Department showed that consumer prices rose 0.6% from December to January, up sharply from a 0.2% increase from November to December. On a year-over-year basis, prices rose 5.4%, up from a 5.3% annual increase in December.Excluding volatile food and energy prices, so-called core inflation rose 0.6% from December, up from a 0.4% rise the previous month. And compared with a year earlier, core inflation was up 4.7% in January, versus a 4.
January’s price data exceeded forecasters’ expectations, confounding hopes that inflation was steadily decelerating and that the Fed could relent on its campaign of rate hikes. It follows other recent data that also suggested that the economy remains gripped by inflation despite the Fed’s strenuous efforts to tame it.— which showed that prices surged 0.5% from December to January, much more than the previous month’s 0.1% rise. Measured year over year, consumer prices climbed 6.4% in January.
The Fed is thought to monitor the inflation gauge that was issued Friday — the personal consumption expenditures price index — even more closely than it does the government’s better-known CPI.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Fed officials back ongoing rate hikes to quell above-target inflation: Fed minutes By Investing.com*FED OFFICIALS BACK ONGOING RATE HIKES TO QUELL ABOVE-TARGET INFLATION: FED MINUTES
Leer más »
Fed's Mester: Financial market alignment with Fed much closer than beforeCleveland Fed President Loretta Mester told CNBC on Friday that the financial market alignment with the Fed's policy outlook is much closer now than i
Leer más »
Key inflation gauge tracked by Fed accelerated in January, a sign price pressures remain entrenchedThe Federal Reserve's preferred inflation gauge ticked higher in January, a sign that price pressures remain entrenched in the U.S. economy and could lead the Fed to keep raising interest rates well into this year.
Leer más »
Key inflation gauge tracked by Fed accelerated in January, a sign price pressures remain entrenchedThe Federal Reserve's preferred inflation gauge ticked higher in January, a sign that price pressures remain entrenched in the U.S. economy and could lead the Fed to keep raising interest rates well into this year.
Leer más »
Imperial Beach, others settle lawsuit against feds over Tijuana River sewageFederal officials agreed to boost efforts aimed at reducing cross-border pollution, such as maintaining an earthen berm in the Tijuana River's concrete channel during dry weather
Leer más »
NDP MP urges feds to create 'Red Dress Alert' for missing Indigenous womenAn NDP member of Parliament is asking for a system that would send the public a phone notification when an Indigenous woman goes missing.
Leer más »