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U.S. inflation rises 3% in January, delaying hopes for Fed rate cuts

Summary by CBT Automotive Network

U.S. inflation accelerated in January as the cost of groceries, gasoline, and rent climbed, adding pressure on businesses and households while likely reinforcing the Federal Reserve’s cautious stance on interest rate cuts. The Labor Department reported Wednesday that the consumer price index rose 3% from a year ago, up from December’s 2.9%. Inflation has remained above the Fed’s 2% target for the past six months, reversing a prior downward trend…

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fightbacknews.org

Inflation rises in January, Trump blames Biden and Federal Reserve

San José, CA - On Wednesday, February 12, the Department of Labor said that inflation as measured by the Consumer Price Index, or CPI, ro...

9 days ago

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noradarealestate.com

Will Mortgage Rates Go Up as Inflation Surges Back Up to 3%

Mortgage rates rising? Understand the inflation link & what it means for your home buying plans. Expert advice and strategies inside!

8 days ago

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HoweStreet

Higher Inflation Could End Rate Cuts For This Year

Higher inflation returned this week. The numbers for January CPI inflation came in hotter than expected. A significant upturn in Core CPI on a monthly and annual basis raised eyebrows, although the markets were not rattled for long. Is this the end of rate cuts? Will rate hikes be next? The U.S. CPI released on […]

8 days ago

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