The article reports on rising inflation numbers revealed in the January CPI, with the Consumer Price Index increasing by 0.5% from the previous month. CNBC anchors Becky Quick and Joe Kernen reacted strongly on-air to the news, which saw stock futures drop significantly. The 12-month change showed an increase of 3.0% overall, adding pressure ahead of President Biden's press conference. This situation indicates growing concerns in the market regarding inflation's impact, especially in light of tariffs introduced by Donald Trump that are expected to exacerbate inflationary pressures.
The CPI report for January showed a 0.5% increase, raising concerns about inflation, which could impact the upcoming press conference by President Biden.
CNBC anchors expressed alarm as stock futures plummeted in response to unexpected inflation data, illustrating the market's sensitivity to economic reports.
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