From Investing.com: 2025-02-13 01:13:00

Inflation Accelerates to 3.0%: Annual inflation rose to 3.0% in January, with shelter costs accounting for a significant portion of the increase. Energy prices also saw a bump due to rising gas prices, while bird flu caused egg prices to spike by 15.2%.

Auto Insurance Market Impacted: The motor vehicle insurance index increased by 2.0% in January, reflecting the impact of a large number of underinsured and uninsured drivers. Travel demand also pushed up costs, with airfares, hotel prices, and rental vehicles all experiencing upside pressure.

Avian Flu Outbreak Causes Egg Prices to Soar: The avian flu outbreak led to a historic increase in egg prices, with millions of egg-laying hens culled to prevent the spread of the virus. This reduction in supply, along with ongoing disruptions and increased production costs, resulted in higher prices for consumers in January.

Powell’s Testimony and Rate Expectations: Federal Reserve Chairman Powell’s semi-annual testimony before Congress could impact rate expectations for investors. Powell is expected to emphasize the nuanced impact of tariffs and the need for a cautious approach to combating inflation. The Fed may not cut rates until the summer, as Powell aims to prevent market optimism from fueling inflationary pressures.



Read more at Investing.com: CPI Fallout: A One-Off Amid Bird Flu Outbreak?