12 Feb 2025

Consumer price growth accelerated in the United States last month, bolstering the case for a cautious approach to easing from the Federal Reserve—and raising the odds on a rate hike at some point this year. According to the Bureau of Labor Statistics, the headline all-items consumer price index climbed 3.0 percent year-over-year in January, accelerating slightly from the 2.9 percent pace set in December, and rose 0.5 percent from the previous month. The core measure—with highly-volatile food and energy prices excluded—rose 3.3 percent in January from the same period last year, and rose 0.4 percent on a month-over-month basis, marking...