📰 News Alert:

🔖 Title: Inflation rises unexpectedly, complicating picture for the Fed

🗓️ Published: Thu, 13 Feb 2025 07:58:38 +0530

📄 Summary: 1. U.S. inflation increased to 3% in January, primarily due to higher consumer prices in sectors such as groceries and gasoline, posing a challenge for the Federal Reserve's interest rate cut strategy.

2. Core CPI also rose by 3.3% annually, indicating persistent inflationary pressures.

3. The data suggests that the Federal Reserve may need to see further progress in reducing inflation before considering interest rate cuts.

🔗 https://economictimes.indiatimes.com/markets/stocks/news/inflation-rises-unexpectedly-complicating-picture-for-the-fed/articleshow/118197816.cms

🗞️ Source: Economic Times

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