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Inflation Report Arrives as Fed Confronts Bank Failures
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The Labor Department’s inflation reading Tuesday will inform the Federal Reserve on price pressures in the economy as the central bank confronts bank failures.
The inflation rate has cooled from a recent peak last June, but has remained stubbornly high. The consumer-price index, a closely watched measure of inflation, advanced 6.4% in January from a year earlier, just edging down from December’s 6.5% increase.
Read more on wsj.comAbout this in other media
Bank Failures, Market Turmoil Fuel Bets on a Pause in Fed Interest-Rate Increases wsj.com /1 year ago
U.S. Inflation Cooled in February as Fed Confronts Bank Failures wsj.com /1 year ago
Bank Failures, Like Earlier Shocks, Raise Odds of Recession wsj.com /1 year ago
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