tzongocu on Nostr: š° News Alert: š Title: Inflation rises unexpectedly, complicating picture for ...
š° News Alert:
š Title: Inflation rises unexpectedly, complicating picture for the Fed
šļø Published: Thu, 13 Feb 2025 07:58:38 +0530
š Summary: 1. U.S. inflation increased to 3% in January, primarily due to higher consumer prices in sectors such as groceries and gasoline, posing a challenge for the Federal Reserve's interest rate cut strategy.
2. Core CPI also rose by 3.3% annually, indicating persistent inflationary pressures.
3. The data suggests that the Federal Reserve may need to see further progress in reducing inflation before considering interest rate cuts.
š https://economictimes.indiatimes.com/markets/stocks/news/inflation-rises-unexpectedly-complicating-picture-for-the-fed/articleshow/118197816.cms
šļø Source: Economic Times
#bitcoin #crypto #news
š Title: Inflation rises unexpectedly, complicating picture for the Fed
šļø Published: Thu, 13 Feb 2025 07:58:38 +0530
š Summary: 1. U.S. inflation increased to 3% in January, primarily due to higher consumer prices in sectors such as groceries and gasoline, posing a challenge for the Federal Reserve's interest rate cut strategy.
2. Core CPI also rose by 3.3% annually, indicating persistent inflationary pressures.
3. The data suggests that the Federal Reserve may need to see further progress in reducing inflation before considering interest rate cuts.
š https://economictimes.indiatimes.com/markets/stocks/news/inflation-rises-unexpectedly-complicating-picture-for-the-fed/articleshow/118197816.cms
šļø Source: Economic Times
#bitcoin #crypto #news