11K views · 209 reactions | Tonight on The News with Shepard Smith: As inflation goes up, President Biden's approval rating is going down. We report on how the administration is responding. | CNBC | Facebook
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Inflation perked up more than anticipated in January, providing further incentive for the Federal Reserve to hold the line on interest rates. Find more details on the report: cnb.cx/3WVOQzH | CNBC
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3.5K views · 26 reactions | Inflation and labor data continue to move into better balance, but the central bank will not cut rates until it has gained greater confidence that inflation is moving “sustainably” toward its 2% target, Fed Chair Powell said. | CNBC | Facebook
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Core inflation rate rose to 2.9% in July, as expected, key Fed measure shows
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Core inflation rate held at 2.9% in August, as expected, Fed’s gauge shows
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The consumer price index increased 0.1% for the month, putting the annual inflation rate at 2.4%. Excluding food and energy, core CPI came in respectively at 0.1% and 2.8%, compared with forecasts for 0.3% and 2.9%. Weakness in energy prices helped offset some of the increases, and a handful of other key items expected to show tariff-related jumps, vehicle and apparel prices in particular, actually posted declines. Read more: cnb.cx/3ZUCHwk | CNBC
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The consumer price index increased 0.1% for the month, putting the annu…
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