US inflation slows in January, less pressure on Federal Reserve to raise interest rates

From BBC: 2024-06-12 08:55:47

US inflation slowed in January, rising 0.6% compared to 0.9% in December. Core inflation, excluding food and energy prices, increased by 0.5%. These figures suggest less pressure on the Federal Reserve to raise interest rates. With interest rate decisions pending, this data will likely influence the central bank’s next move.



Read more at BBC: US inflation cools as interest rate decision looms – BBC.com