Inflation likely accelerated in December, putting pressure on the Federal Reserve to keep interest rates relatively high.
The Consumer Price Index report for January is expected to show broadly unchanged annual inflation according to nowcasts.
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Gas prices rose sharply, but investors homed in on a small decline in the core CPI.
The closely scrutinized monthly consumer-price index is out. Here are the key points: Inflation picked up in December, as gas ...
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
The Consumer Price Index rose 2.9 percent from a year earlier, but a measure of underlying inflation was more encouraging.
The increase in the consumer price index for the 25-county region that includes Long Island was fueled in part by the cost of natural gas, electricity and housing.