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Mar 12 2024
News
Inflation ticked up in February as Fed weighs interest rate cuts
Inflation ticked up in February, as the Federal Reserve weighs when to cut interest rates and keeps close watch for signs that high prices are lingering throughout the economy.
Fresh data released by the Bureau of Labor Statistics on Tuesday showed prices rose 3.2 percent over last year, up slightly from January’s 3.1 percent figure. Prices also rose 0.4 percent in February over the
Washington PostMar 15 2024
News
Wholesale inflation rose 0.6% in February, much more than expected
Wholesale prices accelerated at a faster-than-expected pace in February, another reminder that inflation remains a troublesome issue for the U.S. economy.
The producer price index, which measures pipeline costs for raw, intermediate and finished goods, jumped 0.6% on the month, the Labor Department’s Bureau of Labor Statistics reported Thursday. That was higher than the 0.3% forecast
CNBCMar 12 2024
News
Inflation ran hotter than expected in February as high prices persist
Inflation unexpectedly ticked higher in February thanks to a jump in the cost of gasoline and rent, underscoring the challenge of taming price pressures within the economy.
The Labor Department said Tuesday that the consumer price index, a broad measure of the price of everyday goods including gasoline, groceries and rent, rose 0.4% in February from the previous month. Prices climbed 3.
Fox BusinessMar 12 2024
News
Inflation unexpectedly rose to 3.2% in February as Fed weighs rate cuts
Inflation unexpectedly rose to 3.2% for the year ending in February, the Bureau of Labor Statistics reported Tuesday in an update to the consumer price index, an unwelcome development that could delay the Federal Reserve‘s plans to cut interest rates in the coming months.
The rise in inflation is also bad news for President Joe Biden on the tail of his State of the Union address, in
Washington ExaminerMar 12 2024
News
Inflation data from CPI report shows sharper price gains: What it means for Fed rate cuts.
Rising gasoline costs kept inflation elevated in February, underscoring that a return to more modest consumer price increases following a pandemic-induced spike may continue to be bumpy.
The climb in fuel costs and rent offset flat food prices.
Overall prices rose 3.2% from a year earlier, up from 3.1% in January, according to the Labor Department’s consumer price index. On a
USA TODAYMar 09 2023
News
Mexico's Inflation Eases in February
MEXICO CITY--Mexico's inflation eased in Febuary to its slowest pace in a year on lower price pressures in food and energy. The consumer price index rose 0.56% in February, moving the 12-month inflation rate down to 7.62% from 7.91% in January, the National Statistics Institute said Thursday. The monthly change in CPI was the lowest annual rate since March of 2022. Core CPI, which excludes
MarketWatchJan 12 2024
News
Stocks end little changed as earnings offset inflation data
U.S. stocks closed barely changed on Friday, after wavering between modest gains and losses, as mixed bank earnings offset cooler-than-expected inflation news that buoyed hopes for interest-rate cuts from the Federal Reserve.
On Friday, data showed U.S. producer prices unexpectedly fell in December as the cost of goods such as food and diesel fuel declined, while prices for services
ReutersMar 21 2024
News
Hale February students of the month
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Up North VoiceMar 21 2024
News
Missing man fell and died in reservoir in February
ROCHESTER, N.Y. (WROC) — The body found in the Highland Park Reservoir has been identified as a man who has been missing since February, according to Mayor Malik Evans. According to Mayor Evans, the water quality tests were confirmed safe by the Monroe County Department of Environmental Health. He reminds the community that the tests were done out of an abundance of caution and none of the
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