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US inflation rises to 2.9%, far above Fed’s target. Bitcoin is in major trouble
The latest Consumer Price Index (CPI) figures for December have rattled markets, throwing the Federal Reserve’s inflation strategy into question. The U.S. Department of Labor reported a 0.4% increase ...
US inflation picked up in December, though underlying price pressures ease slightly
U.S. inflation picked up last month as prices rose for gas, eggs, and used cars, yet underlying price pressures also showed signs of easing a bit. Wednesday’s report from the Labor Department showed ...
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US consumer prices post largest gain in nine months; underlying inflation slowing
There were, however, some hopeful signs in the fight against inflation, with the report from the Labor Department on Wednesday showing a measure of underlying price pressures subsiding after barely ...
One chart shows that low-income Americans get hit hardest by inflation
The dynamic is reflected in the chart below, which shows low-income inflation increases outpacing those for the other four ...
The US economy just had another robust year
Another year of robust economic growth is in the books, underscoring how the Biden administration handed President Donald ...
US inflation ticks up again — but Dow surges as key Fed gauge dips
US consumer prices showed no signs of cooling in December amid higher costs for energy goods, but the Federal Reserve’s preferred inflation gauge dipped — leading to a rally on Wall Street. The ...
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US consumer inflation rises to 2.9 percent in December
US consumer inflation rose for a third straight month in December ... up from 2.7 percent in November, the Labor Department said in a statement. This was in line with the median forecast of economists ...
Egg prices surge as US inflation picks up
Egg prices shot up more than 36%, as a bout of bird flu hit supply and led to shortages. But the data showed prices for other items rose by less than expected over the month, calm ...
Federal Reserve holds interest rates steady amid inflation uncertainty
The Federal Reserve held interest rates steady at its January meeting following three consecutive rate cuts amid uncertainty ...
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Guidelines for registered solar apprenticeship programs approved by Department of Labor
The newly approved Guidelines align Department of Labor-approved occupations with the needs of solar employers and provide a ...
The latest inflation data puts the US economy back in the 'Goldilocks' zone
The latest inflation report slashed the risk that the Fed could go back to hiking interest rates this year, Wall Street strategists say.
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US consumer inflation rises in December but underlying pressures ease
US consumer inflation rose for a third straight month in December ... up from 2.7 percent in November, the Labor Department said in a statement on Wednesday. This was in line with the median forecast ...