The Federal Reserve’s preferred means of tracking inflation rose in January, defying some experts’ expectations. See potential bias and similarities in coverage from CNBC, CNNBusiness and dcexaminer: inflation federalreserve
The Federal Reserve’s preferred means of tracking inflation rose in January, defying some experts’ expectations. The Personal Consumption Expenditures price index rose 5.4% in the 12 months ending in January, higher than December’s 5.3%. In January alone, the measure indicated a 0.6% increase in prices, higher than December’s 0.2%.The news was described by some headlines as “surprising.
” Some experts, like JPMorgan Chase CEO Jamie Dimon, recently appeared less trusting of the Fed’s ability to rein in inflation than they were a month ago, when December’s low inflation numbers led to a more optimistic outlook. Without progress on limiting inflation, the Fed will likely continue raising interest rates to slow down borrowing and other economic activity. Coverage was common across the spectrum, particularly in business outlets.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Catholic bookstore owner who balks at using preferred pronouns sues JacksonvilleCatholic bookstore owner Christie DeTrude wants to let customers know that she will only use pronouns that reflect biological sex, citing her religious beliefs, but she’s afraid that doing so will run afoul of Jacksonville’s Human Rights Ordinance.
Read more »
EUR/USD: Bears in control around 1.0600 ahead of Fed’s preferred inflation gaugeEUR/USD holds lower ground near 1.0600, following a corrective bounce off multi-day bottom that ended up positing the four-day downtrend to early Frid
Read more »
EUR/USD clings to 1.0600 as German statistics, Fed’s preferred inflation gauge loomEUR/USD clings to 1.0600 as German statistics, Fed’s preferred inflation gauge loom – by anilpanchal7 EURUSD Fed Inflation RiskAppetite Currencies
Read more »
Heisman Trophy Winner Caleb Williams Reveals Preferred NFL Landing SpotUSC QB Caleb Williams could be the No. 1 pick in the 2024 NFL Draft, and he recently revealed the team he’d like to play for.
Read more »
Inflation surprisingly rose in January, according to the Federal Reserve's preferred gaugeThe Federal Reserve's preferred inflation gauge ticked higher in January, a sign that price pressures remain entrenched in the U.S. economy.
Read more »
Inflation surprisingly rose in January, according to the Federal Reserve's preferred gaugeConsumer prices rose 0.6% from December to January, up sharply from a 0.2% increase from November to December.
Read more »