Feb. 21 (Bloomberg) -- U.S. consumer prices rose more than forecast in January as Americans paid more for food, medical care and airfares, suggesting inflationary pressures persist.
The consumer price index increased 0.2 percent after rising 0.4 percent in December, the Labor Department said today in Washington. Prices excluding food and energy rose 0.3 percent, the most since June of last year, after a 0.1 percent gain.
I have been saying for some time that the Feds are not about to lower rates and this will support that notion even further. This market has been in total denial.
The consumer price index increased 0.2 percent after rising 0.4 percent in December, the Labor Department said today in Washington. Prices excluding food and energy rose 0.3 percent, the most since June of last year, after a 0.1 percent gain.
I have been saying for some time that the Feds are not about to lower rates and this will support that notion even further. This market has been in total denial.
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