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Key Question Before US Reveals Latest Consumer Prices: Is Inflation Cooling Enough for the Fed?

Key Question Before US Reveals Latest Consumer Prices: Is Inflation Cooling Enough for the Fed?
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Higher gas and rents keep US inflation elevated, likely delaying Fed rate cuts

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

United statesWhite houseDistrict of columbiaJoe bidenKathy bostjancicLorie loganJerome powellDavid zalubowskiLaura rosner warburtonRaphael bosticChris omearaFederal reserve bankLabor departmentFederal reserveBlind tiger cafeChriso meara

Inflation slows but remains elevated in sign that price pressures are easing only gradually

Compared with a year ago, prices are up 3.1% still well above the Fed's 2% target level.

United statesWhite houseDistrict of columbiaJoe bidenKarine jean pierreOmair sharifJerome powellChris omearaFederal reserveLabor departmentPresident joe bidenBlind tiger cafeChriso mearaFed chair jerome powellInflation insights

US inflation slows but remains elevated

The Labor Department report showed that the consumer price index rose 0.3% from December to January, up from a 0.2% increase the previous month.

United statesDavid zalubowskiChris omearaJoe bidenJerome powellLabor departmentFederal reserveColorado springsBlind tiger cafeChriso mearaPresident joe bidenChair jerome powell

Inflation slows but remains elevated, a sign prices will take time to wrangle

Inflation slows but remains elevated, a sign prices will take time to wrangle
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