US inflation holds but underlying prices creep up
7d ago
Business
BBC Business

US inflation remained stable at 2.7%, according to the latest economic data. This figure is crucial as investors closely monitor signals from the Federal Reserve regarding potential interest rate cuts. The unchanged inflation rate suggests a complex economic landscape, making the Fed's decision on monetary policy more challenging. While the headline inflation remained steady, analysts noted a slight increase in underlying prices, adding another layer of complexity to the Fed's considerations. Market participants are keenly awaiting further statements from the Fed to gauge the likelihood and timing of any future rate adjustments.