Inflation rises faster than expected in January as high prices persist
Last Updated on February 13, 2024 by Admin
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Pacer ETFs Distributors President Sean O’Hara on earnings season, the Federal Reserve’s handling of rate cuts as well as the upcoming CPI and PPI reports.
The Labor Department said Tuesday that the consumer price index, a broad measure of the price of everyday goods including gasoline, groceries and rent, rose 0.3% in January from the previous month, more than expected.
Prices climbed 3.1% from the same time last year, which also came in above the 2.9% expectation from Refinitiv economists.
This is a developing story. Please check back for updates.
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