But came in above Wall Street’s expectations, another sign that the Federal Reserve’s path to interest-rate cuts is far from settled. 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. Inflation at 3.1% Reflects “Stubborn Pricing Pressure, Clouding Outlook for Fed Rate Cuts,” msn.com, WSJ article. Open Thread February 6 2024 “hard to find jobs right now even with low unemployment” – Angry Bear Tags: inflation
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but came in above Wall Street’s expectations, another sign that the Federal Reserve’s path to interest-rate cuts is far from settled.
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. Inflation at 3.1% Reflects “Stubborn Pricing Pressure, Clouding Outlook for Fed Rate Cuts,” msn.com, WSJ article.
Open Thread February 6 2024 “hard to find jobs right now even with low unemployment” – Angry Bear