Inflation expected to have slowed significantly in January
==========
The report from the U.S. Bureau of Labor Statistics is expected to show that inflation has slowed significantly in January. Economists expect prices to have increased 2.9% over the year ending in January, marking a slowdown from the previous month's annual pace of 3.4%. Core inflation, which excludes volatile food and energy prices, is expected to have increased 3.7% over the same period. Inflation remains above the Federal Reserve's target of 2%. The U.S. economy has defied the central bank's efforts to slow it down, with strong job growth and consumer sentiment. The Fed risks a rebound of inflation if it cuts interest rates too quickly. Fed Chair Jerome Powell has celebrated the decline of inflation but cautioned about the risks of an overheated economy.
#Inflation #Economy #FederalReserve #InterestRates #UsBureauOfLaborStatistics
https://abcnews.go.com/Business/inflation-expected-slowed-significantly-january/story?id=107155046
ABC News /
npub1le…7urw5
2024-02-12 22:39:31
Author Public Key
npub1lepvwjkkmqjm7salca8py6tdd2gvqxzughkytz9elpmzfzkam0ys87urw5Published at
2024-02-12 22:39:31Event JSON
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"content": "Inflation expected to have slowed significantly in January\n==========\n\nThe report from the U.S. Bureau of Labor Statistics is expected to show that inflation has slowed significantly in January. Economists expect prices to have increased 2.9% over the year ending in January, marking a slowdown from the previous month's annual pace of 3.4%. Core inflation, which excludes volatile food and energy prices, is expected to have increased 3.7% over the same period. Inflation remains above the Federal Reserve's target of 2%. The U.S. economy has defied the central bank's efforts to slow it down, with strong job growth and consumer sentiment. The Fed risks a rebound of inflation if it cuts interest rates too quickly. Fed Chair Jerome Powell has celebrated the decline of inflation but cautioned about the risks of an overheated economy.\n\n#Inflation #Economy #FederalReserve #InterestRates #UsBureauOfLaborStatistics\n\nhttps://abcnews.go.com/Business/inflation-expected-slowed-significantly-january/story?id=107155046",
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