Inflation: What January CPI report means for Fed rate cuts скачать в хорошем качестве

Inflation: What January CPI report means for Fed rate cuts

According to the Consumer Price Index (CPI), inflation rose slightly more than expected in the month of January. The CPI rose by 0.3% month-over-month — against an expected 0.2% — and 3.1% year-over-year — against an expected 2.9%. Right now, the Federal Reserve appears adamant about sticking to its goal of cooling the inflation rate to 2%, expected to hold interest rates higher for longer until mid-2024. Wolfe Research Chief Economist Stephanie Roth and Sahm Consulting Founder Claudia Sahm sit down with Yahoo Finance to discuss January's CPI print and what it means for the Fed's inflation goals. "The Fed will respond to reality, right, so they will take on board if the disinflation comes faster than they think," Sahm, a former Federal Reserve Board economist, says. "They also said, we're not going to wait until 2% to do our first cut. So they're going to have to get going at some point this year, but it is really all about the inflation data. At least that's what the Fed has put emphasis on." About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. Get the latest news and data at finance.yahoo.com Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) Follow Yahoo Finance on social: X:   / yahoofinance   Instagram: https://www.instagram.com/yahoofinanc... TikTok: https://www.tiktok.com/@yahoofinance?... Facebook:   / yahoofinance   LinkedIn:   / yahoo-finance