Posted on Feb 25, 2023
Key Fed inflation measure rose 0.6% in January, more than expected
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The core personal consumption expenditures price index increased 0.6% for the month, and was up 4.7% from a year ago.
Headline inflation increased 0.6% and 5.4% respectively. All the numbers were higher than estimates.
The numbers suggest inflation accelerated to start the new year, putting the Fed in a position where it likely will continue to raise interest rates.
Headline inflation increased 0.6% and 5.4% respectively. All the numbers were higher than estimates.
The numbers suggest inflation accelerated to start the new year, putting the Fed in a position where it likely will continue to raise interest rates.
Key Fed inflation measure rose 0.6% in January, more than expected
Posted from cnbc.com
COLA (Cost of Living)
Money
Budget
Edited 1 y ago
Posted 1 y ago
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Can't be right, I heard Kameltoe, Sleepy Joe and KJP all say things were getting better.
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Aren't you glad that heating and electricity bills have come down under this administration's efforts!!
Harris stated, "For working families, we have reduced heating and electricity bills so folks have more money in their pockets to buy things like schools supplies, replace the dishwasher or take a family vacation."
Harris stated, "For working families, we have reduced heating and electricity bills so folks have more money in their pockets to buy things like schools supplies, replace the dishwasher or take a family vacation."
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