Barrons Roundtable unpacks the impact of President Donald Trumps tariff plans.
Inflation ticked higher in January as stubbornly high prices continued to strain Americans’ household finances as the Federal Reserve weighs a continued pause to its interest rate cut plans.
The Labor Department on Wednesday said that the consumer price index – a broad measure of how much everyday goods like gasoline, groceries and rent cost – increased 0.5% in January while it rose to 3% on an annual basis.
Both the annual and headline CPI figures were hotter than the estimates of economists polled by LSEG.
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