Annual inflation rate fell to 2.4 percent
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Goldman’s new 3.05% PCE forecast is a brutal reality check for the Fed—and it could stall rate cuts for months.
Inflation eased to 2.4% in January, the lowest in 8 months, raising speculation the Fed may revisit its steady interest rate stance in March.
Inflation in the United States eased at the start of 2026, providing a reprieve to the Federal Reserve as it contends with yet another year of consumer prices rising faster than the central bank’s target. Here is what the latest Consumer Price Index showed on Friday.
The impact of the AI industry on electricity prices has turned into a major political flashpoint ahead of the midterm elections this November.
A decline in the rate of price increases is good news for Americans who have grappled for years with rising costs of living.
NASDAQ gained some ground as traders focused on inflation data. Strategy, which was up by 9.4%, was the biggest gainer in the NASDAQ index today.
Gold rebounded on Friday as investors digested U.S. inflation figures for guidance on interest rate direction after jobs data lowered rate cut expectations.
A Friday the 13th economic report appeared to deliver some fortunate news: Annual inflation slowed significantly.
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Inflation hits near 5-year low, but Americans still face high costs despite cooling prices
Inflation cooled to 2.4% in January, nearing a five-year low as gas prices fell and rent growth slowed. While easing price pressures boost hopes for rate cuts, many Americans still face elevated costs compared to pre-pandemic levels.