The Latest Breaking News from US Federal Reserve

US consumer prices rose briskly at the start of the year, a sign of persistent inflationary pressures that could push the Federal Reserve to raise interest rates even higher than previously expected.

WASHINGTON: US consumer prices accelerated in January, but the annual increase was the smallest since late 2021, pointing to a continued slowdown in inflation and likely keeping the Federal Reserve on a more moderate interest-rate path.

The US Consumer Prices Index now at its lowest since October 2021

It was the highest reading since October — the latest sign that squashing inflation might not be a consistent path.

Annual inflation cooled in January for the seventh month in a row. But price increases accelerated between December and January, fueled by rising shelter, food and gasoline prices.

Falling prices are welcome news, but latest reading is still far higher than the Federal Reserve’s annual target rate of 2% inflation

While the easing inflation and strong labor market have been boosting consumer confidence, uncertainties remain. Moreover, the Fed’s interest rate hikes might continue longer than many think. Therefore, fundamentally sound large-cap stocks, Visa (V), Eli Lilly (LLY), and Merck & Co (MRK), could be ideal buys to navigate the economic…

Asian shares are mostly higher, boosted by a rally on Wall Street, although investors kept their eyes on the upcoming U.S. consumer price data for signs of inflation

U.S. inflation likely slowed again last month in the latest sign that consumer price increases are becoming less of a burden on America’s households

WASHINGTON — President Joe Biden has decided to name Federal Reserve Vice Chair Lael Brainard as his top economic adviser, with an announcement coming as soon as Tuesday, people familiar with the matter said.

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