ECONOMY
Inflation Rates Continue To Increase In Latest January Report
In the latest report inflation rose more than predicted in January due in part to grocery and housing costs.
In the latest report inflation rose more than predicted in January due in part to grocery and housing costs.
The Federal Reserve’s long-term objective for U.S. inflation was persistently exceeded in November, with 3.1% growth, supporting central bankers’ arguments to maintain current interest rates this spring.
Wall Street finished mixed on Tuesday after fresh employment data bolstered bets that the U.S. Federal Reserve will cut interest rates as soon as March.