US inflation unexpectedly rose in January, potentially delaying Fed interest rate cuts.

U.S. consumer prices rose by 0.5% in January, higher than the expected 0.3%, according to the Bureau of Labor Statistics. The annual rate of consumer price growth increased to 3.0% from 2.9% in December, with core inflation, excluding food and energy, climbing to 3.3% from 3.2%. This unexpected rise in inflation could delay the Federal Reserve from lowering interest rates further.

5 weeks ago
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