Hot Jan US CPI Surprise Hurts Case for Fed Ease Soon
The CPI jumped 0.5% last month after gaining 0.4% in December, the Labor said on Wednesday. In the 12 months through January, it increased 3.0% after advancing 2.9% in December. Economists polled by Reuters had forecast the CPI gaining 0.3% and rising 2.9% year-on-year.
The US Bureau of Labor Statistics will release the January 2025 Consumer Price Index (CPI) data on February 12 at 8:30 AM ...
The US Dollar Index jumped after January CPI data surprises to the upside, fueling expectations of higher rates for a longer ...
It’s not just eggs. Many commonly purchased goods and services got more expensive in January, driving inflation in the wrong direction and to its highest rate since June of last year.
The dollar held mostly steady against other major currencies on Wednesday as traders awaited U.S. inflation data, though ...
GBP/USD turns south in the second half of the day on Wednesday and trades deep in the negative territory near 1.2400. The ...
The consumer price index increased 3% in January from a year ago, Wednesday’s report from the Labor Department showed, up ...
The dollar took a step back from its tariff-driven rally, leaving it below recent peaks as traders waited on U.S. inflation ...
US CPI inflation data will be released today at 13h30 GMT time. Markets are paying close attention to today's release ...
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