Consumer prices rise 0.5% in Jan., higher than expected

Consumer prices rise 0.5% in January, higher than expected as annual rate rises to 3%
The consumer price index was expected to increase 0.3% in January, according to the Dow Jones consensus estimate.
US consumer prices increase more than expected in January
U.S. consumer prices increased more than expected in January, reinforcing the Federal Reserve's message that it was in no rush to resume cutting interest rates amid growing uncertainty over the economy.
US inflation unexpectedly increases to 3% in January
US inflation unexpectedly increased to 3 per cent in January, bolstering the case for the Federal Reserve to proceed slowly with interest rate cuts and hitting stocks and government bonds. Wednesday’s figure from the Bureau of Labor Statistics surpassed the expectations of economists polled by Reuters,
US consumer prices rise to 3.0% in January
US consumer prices rose unexpectedly in January, with the annual CPI increasing to 3.0 percent. The rise exceeded economists' projections and suggests the Federal Reserve might need to maintain its key lending rate.
US inflation rose higher-than-expected 3% in January, dashing hopes for interest rate cuts
US consumer prices came in hotter than expected in January as inflation showed few signs of weakening, dashing hopes for interest rate cuts in the near term. The Consumer Price Index rose 0.5% last month — an increase from December’s 0.
Savings, CD, and Checking Account Interest Rates Today: Earn Over 4% APY
Open a new bank account today and earn a top interest rate. Our experts have researched the best rates on checking, savings, ...
Trump blames Biden for hot inflation report, calls for lower interest rates as markets plunge
President Trump Wednesday blamed Biden for a hot inflation report and called for lower interest rates. The Fed is likely to ...
NBC Los Angeles5d
A new bill would cap credit card interest rates at 10%. Here's what that could mean for your money
A bill to limit the interest rate on credit cards has been introduced in Congress. The banking industry says capping rates ...
15 savings accounts with interest rates of 4% APY and higher (updated weekly)
Is it possible to find savings accounts with interest rates of 4% or more? See which banks currently offer 4% interest ...
USA Today13d
The economy grew 2.3% in the fourth quarter. What it could mean for Fed rate cuts
Consumer spending increased a robust 4.2% at an annual rate following a 3.7% rise in the third ... Lower-income consumers ...
CPI Report Puts the Kibosh on Rate Cuts: What the Experts Are Saying About Inflation
Consumer price inflation reared its ugly head to start the year, dashing hopes for the Fed to lower borrowing costs anytime soon.
January CPI Inflation Accelerates, Potentially Delaying Any Rate Cuts
Consumer Price Index inflation rose 0.5% month-on-month, likely incrementally delaying any Federal Reserve plans for interest rate cuts.
American Express Savings Rates: Earn 3.80% APY
Explore the American Express High Yield Savings Account if you're interested in high-yield savings options and a predominantly online banking experience.
CNBC13d
When will interest rates go down again?
Interest rate cuts When will rates go down again ... Rate cuts won't mean a massive or sudden drop in credit card annual percentage rates (APRs). They do have an impact, however, because ...
Forbes2d
What Is The Average Credit Card Interest Rate?
it reported that the average credit card interest rate on accounts with balances incurring interest was 22.80%. Keep in mind that annual percentage rates (APRs) on credit cards vary widely ...
Could Tariffs Push Interest Rates Higher? Here's What It Means for Your Wallet
Tariffs don't directly cause interest rates to rise, but they might be part of the recipe. Learn if rates will go up, and ...
US inflation got worse with rising groceries and gasoline prices
U.S. inflation accelerated last month as the cost of groceries, gasoline and rents rose, a disappointment for families and ...