Joe.My.God. LGBT News
CBS News reports:
Inflation accelerated in January, rising 3% on an annual basis, indicating that the Federal Reserve’s push to drive inflation down to a 2% annual rate has stalled out, at least temporarily.
The Consumer Price Index was forecast to rise 2.9% last month, according to economists polled by financial-data firm FactSet. The CPI, a basket of goods and services typically bought by consumers, tracks the change in those prices over time.
On a monthly basis, the CPI rose 0.5%, versus economists’ forecast for a 0.3% increase, according to FactSet. That’s the biggest monthly jump since August 2023. It may be due to price increases set at the start of the year by many businesses.
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Trump: “When I win, I will immediately bring prices down, starting on Day One.”
BREAKING: US inflation heats up to 3%, higher than expected.
— Christopher Webb (@cwebbonline.com) February 12, 2025 at 8:48 AM
BREAKING: Inflation picks up speed after Trump promised to ‘rapidly’ bring down prices:
www.theguardian.com/business/202…
— Morgan J Freeman (@mjfree.bsky.social) February 12, 2025 at 9:26 AM