US inflation stays high as housing costs bite
Consumer prices rose 6.4% in the 12 months to January, the Labor Department says. …
“Disinflation is continuing, but at slower pace than the Fed might like,” said Ronald Temple, chief market strategist at Lazard. “To pause the tightening cycle, the Fed will need to see more muted price gains and less tightness in the labour market. The wait for both is ongoing.”
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