The January CPI report showed cooling inflation, a key factor in whether the Federal Reserve resumes interest rate cuts.
The CPI was expected to rise 2.5% on an annual basis last month, according to economists polled by financial data firm ...
The inflation reading, the lowest since May 2025, shows grocery, gas and rent prices are cooling.
Investors got some good news this week on the state of the labor market, and more may be on the way Friday on inflation.