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2025-02-13 02:52:02

tzongocu on Nostr: 📰 News Alert: 🔖 Title: Inflation rises unexpectedly, complicating picture for ...

📰 News Alert:
🔖 Title: Inflation rises unexpectedly, complicating picture for the Fed
🗓️ Published: Thu, 13 Feb 2025 07:58:38 +0530
📄 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.
🔗 https://economictimes.indiatimes.com/markets/stocks/news/inflation-rises-unexpectedly-complicating-picture-for-the-fed/articleshow/118197816.cms
🗞️ Source: Economic Times
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