Inflation data published Friday show that consumer price growth reaccelerated in January, marking the latest sign that the U.S. economy is defying the Federal Reserve’s attempts to cool demand.
The data sent stocks tumbling and sparked calls for a hefty half-point interest-rate hike when the Fed meets again next month. The latest inflation report also fueled further questions about why the economy has been able to remain so hot nearly a year into the central bank’s most aggressive monetary-policy tightening campaign in decades, defying widespread expectations.
Source: finance.yahoo.com
Related posts:
Carvana’s 2023 Rally Tops 100% as Options Fuel Meme-Style Frenzy
Warren Buffett’s right-hand man Charlie Munger, who once called crypto ‘rat poison,’ says we should ...
Stock-Split Watch: 3 Supercharged Growth Stocks That Could Split Their Shares in 2024
The 9 best Vanguard funds for retirees
Hertz is done gambling with EVs: It took a first-quarter $195 million hit on Teslas that just keep l...