• 11/11/2024

Hotter-Than-Expected Inflation Clouds Rate-Cut Outlook

Wall Street Journal

Inflation eased again in January but came in above Wall Street’s expectations, clouding the Federal Reserve’s path to rate cuts and potentially giving the central bank breathing space to wait until the middle of the year. The Labor Department reported Tuesday that consumer prices rose 3.1% in January from a year earlier, versus a December gain of 3.4%. That marked the lowest reading since June.

https://www.wsj.com/articles/hotter-than-expected-inflation-clouds-rate-cut-outlook-504c259c