U.S. inflation up 0.3% in January, Fed still expected to cut interest rates this year | CBC News
U.S. consumer prices increased more than expected in January, driven by rising costs of shelter and health care.
The Federal Reserve is still expected to cut interest rates despite the inflation increase, as policymakers want convincing evidence of sustained slow inflation. [ more ]
Consumer prices in China have fallen for three consecutive months, indicating ongoing deflationary pressures in the economy.
Chinese manufacturers have experienced 15 straight months of contraction in prices, raising concerns for U.S. and European officials about increased competition from low-cost Chinese goods. [ more ]