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Barchart
Barchart
Oleksandr Pylypenko

Inflation Still a Concern: January CPI Data Exceeds Forecasts

EXC Donald Trump Jerome Powell Inflation NI United States US Federal Reserve WH John Williams AppLovin

March S&P 500 E-Mini futures (ESH25) are trending down -1.08% this morning as investors digest key U.S. inflation data and also await further testimony from Federal Reserve Chair Jerome Powell.

January's inflation figures exceeded expectations, with the consumer price index (CPI) rising 0.5% for the month and the annual rate ticking up to 3%, signaling that the Federal Reserve is likely to maintain current interest rates. 

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