US Fed's favored inflation gauge rises

By Agence France-Presse

Jan 28, 2024 12:18 am

WASHINGTON, D.C.: The US Federal Reserve's (Fed) favored measure of inflation ticked higher last month, according to government data published on Friday, indicating that its long-running battle against rising prices is not over yet.

The latest announcement will likely ensure the US central bank keeps interest rates on hold at its next decision announcement on Wednesday, as policymakers continue talks on when to start cuts.

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