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REUTERS/EDUARDO MUNOZ
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Services Lift US Prices in January; Inflation Gradually Trending Lower

U.S. prices picked up in January amid strong gains in the costs of services, but the annual increase in inflation was the smallest in three years, keeping a mid-year interest rate cut from the Federal Reserve on the table.


 

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Fed Minutes Show Officials Agreed on Restrictive Stance
Federal Reserve participants "viewed the policy rate as likely at or near its peak for this tightening cycle,” according to the minutes of the Dec. 12-13 Federal Open Market Committee meeting. Kailey Leinz reports.
Jan 03, 2024

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