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US January Inflation Report Expected to Show Cooling Prices; Bank of Russia Cuts Rates Again
Investors will eye inflation data for January this morning, with analysts polled by The Wall Street Journal's poll forecasting a fall in both headline and core inflation figures. Economists forecast consumer-price growth slowed to an annual pace of around 2.5%, but some aren't ruling out a hotter reading as prices have a habit of spiking in January. Elsewhere, the Bank of Russia on Friday lowered its key interest rate for a sixth consecutive meeting of its policymakers, but continues to restrain a slowing economy as the country's costly war on Ukraine approaches its fourth anniversary. And Bank of Japan policy board ... (full story)
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Investors got some good news this week on the state of the labor market, and more may be on the way Friday on inflation. The consumer price index, a broad measure of goods and services costs across the U.S. economy, is expected to show a 2.5% gain from a year ago, according to the Dow Jones consensus forecast for the January release. If that ends up being ...
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent on a seasonally adjusted basis in January, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2.4 percent before seasonal adjustment. The index for shelter rose 0.2 percent in January and was the largest factor in the all ...
A key measure of inflation fell to nearly a five-year low last month as apartment rental price growth slowed and gas prices fell, offering some relief to Americans grappling with the sharp cost increases of the past five years. Inflation dropped to 2.4% in January compared with a year earlier, down from 2.7% in December and not too far from the Federal ...
