U.S. inflation rose to 3% in January, driven by increased consumer prices in sectors like groceries and gasoline. Core CPI also showed minimal improvement, rising 3.3% annually. The data presents a complication for the Federal Reserve’s strategy on interest rate cuts, with officials signaling a need for more progress on inflation reduction. U.S. inflation rose to 3% in January, driven by increased consumer prices in sectors like groceries and gasoline. Core CPI also showed minimal improvement, rising 3.3% annually. The data presents a complication for the Federal Reserve’s strategy on interest rate cuts, with officials signaling a need for more progress on inflation reduction. Economic Times
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