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The Chronicle Telegram in Elyria, Ohio

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This newspaper page contains 2 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Feb 08, 2025

Page

29

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.

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.

Commerce Department U.S

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