You are here

LATEST US DATA

Consumer prices in January up more than expected

Report sparks fears of inflation which could force the Fed to be a bit more aggressive in raising rates this year

Washington

US consumer prices rose more than expected in January, with a measure of underlying inflation posting its biggest gain in a year, strengthening expectations that price pressures will accelerate this year and prompt a faster pace of interest rate increases from the Federal...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes