Inflation Watch As CPI Rose In Line With Forecast
The Labor Department releases its latest inflation report on consumer prices. Economists forecast a 2.9 percent rise in the CPI for last month, matching December’s year over year gain. Inflation has inched higher since October, prompting Fed caution after three 2024 rate cuts.
MENTIONED IN THIS ARTICLE
Labor Department
Federal Reserve
Retail sales slip likely first decline since August in January
The Commerce Department will publish its January retail sales snapshot on Friday with analysts projecting a 0.1% drop from December. If realized, it would mark the first monthly decline since August as consumers continue spending amid three years of high inflation and elevated borrowing costs.
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U.S
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