Reading Time: < 1 minute The consumer price index (CPI) rose 6.4% in January on an annual basis, hotter than expected, but remained steady compared to last month. The latest read presents more challenges for Federal Reserve Chair Jerome Powell who has hinted that disinflation is underway. Still, elevated costs for everyday staples remain stubbornly high. The Labor Department reported […]
Source: Inflation Rises More Than Expected — Up 6.4% from Year Ago