US core inflation may hit 5-year low
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Inflation came in below economists' forecasts and slowed from December's 2.7% annual rate.
Goldman’s new 3.05% PCE forecast is a brutal reality check for the Fed—and it could stall rate cuts for months.
CPI report shows headline/core inflation cooling and PCE likely undershooting Fed forecasts—boosting rate-cut odds.
The slightly lower number for January reflects smaller price increases for shelter and food, as well as a decrease in energy costs.
Core inflation, which excludes the more volatile costs of food and energy and is considered a better indicator of underlying price trends, decelerated last month. Core CPI inflation was 2.5% year over year in January.
M/M vs. +0.3% consensus and +0.3% prior, according to data released by the Bureau of Labor Statistics on Friday.
Inflation cooled more than expected in January, according to consumer data released Friday by the Bureau of Labor Statistics.
Inflation eased more than expected to 2.4 percent pace last month.
The headline CPI rose 0.2% on a monthly basis, less than economists had forecast, while the core – which excludes food and energy – was in line with estimates, at 0.3%. A 1.5%
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CPI inflation data may lower Fed's guard; S&P 500 steadies (live coverage)
The core CPI inflation rate fell to its lowest level since early 2021.