January inflation ticks up to 3% annually as cost of groceries, gas, used cars rise
The latest Consumer Price Index report shows inflation ticked up to 3% in January from a year ago, a slight rise from the previous month.
How CD interest rates could be impacted by the inflation rise
High CD interest rates may remain high now that inflation's ticking up again. Here's what savers should consider.
Bank of America CEO on inflation impact on U.S. economy: 'Rates are going to stay where they are'
Bank of America CEO Brian Moynihan said Wednesday that strong consumer spending so far this year means the Federal Reserve ...
Fed Needs to See Resumed Inflation Progress Before Cutting: Powell
Powell said officials need to see more progress on slowing inflation before considering further rate cuts but declined to ...
Retail Dive1h
Retail job cuts rise 20% in January
That’s on top of meaningful cuts in December and comes as online shopping and automation have reshaped job skills, Challenger, Gray & Christmas found.
Inflation grew in January as costs of gas, groceries go up
Inflation also worsened on a monthly basis, with prices jumping 0.5% in January from December, the largest increase since ...
Trump wants interest rate cuts. The market isn't buying it.
Voters elected Trump to find a way to curb the hotter inflation that occurred under President Joe Biden. But the president ...
CNET1h
Mortgage Predictions: Inflation's Comeback Isn't Good for Homebuyers
Along with inflation, the Fed is also weighing employment data. If the job market remains robust by official standards, ...
Immigration crackdown could lead to a lower U.S. unemployment rate. Here's why.
A wave of immigration probably contributed to rising unemployment in the past few years. Now a Trump administration crackdown on new arrivals could push the U.S. jobless rate lower. Let's unpack that.
NJ inflation rate in January was lower than prior months, but still higher than U.S.
The consumer price index in North Jersey increased 4% between January 2024 and January 2025, compared to a 3% national inflation rate.