Inflation Shock: Consumer Prices Rise 3.1% in January, Defying Forecasts for a Faster Slowdown – Experts Predict Impact on Stock Market and Fed Rate Cuts
NEW YORK, NY – Consumer prices in the United States rose more than expected in January, according to the latest data from the Bureau of Labor Statistics. This unexpected rise has led to speculation about the Federal Reserve’s potential decision to cut interest rates. Investors had been closely watching the print for clues on when the Federal Reserve will begin cutting interest rates. Markets are now pricing in a nearly 80% chance the Fed cuts …