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Inflation soars in January, hampering plans for rate cuts

The inflation in the United States increased suddenly in January, at the beginning of the events of the Federal Reserve Bank called “sober”.

This is the latest news from the work statistics office, which shared them Consumer price index report Wednesday. The latest updates of that showed Economic inflation It rose to 3 percent in January – a jump by 0.5 % and the fastest monthly increase since August 2023 – Common household goods It rose in the price. This came as an unpleasant surprise for the economists who were The January report is expected not noticeable.

Grocery prices increased by 0.5 % compared to December, with a The outbreak of the country from bird flu Being the possible perpetrator. The average price of dozens of eggs from a degree a I reached a new record Last month, farmers were forced to filter their herds.

Gasoline prices also increased by 1.8 percent, along with other increases such as airlines prices, hotel prices, vehicles used and car insurance prices.

Ausan Golsby, head of the Federal Reserve in Chicago, said, said Chicago, New York Times The report is not a reason for panic, but it may push the federal reserve to change the path if January is the beginning of the direction.

“There is no doubt, if we get several months like this, it is clear that the job has not been done,” he said.

All this complicates matters for the Federal Reserve, as high inflation will traditionally prevent the central bank from lowering interest rates. However, the president Donald Trump He paid to reduce interest in his second term.

“Interest rates should be reduced, which is going alongside with the upcoming tariffs !!!” Trump’s publication On the social truth on Wednesday. “Let’s Rock & Roll, America !!”

John Williams, head of the New York Reserve Bank, said in a speech on Tuesday that he still expects the United States to advance towards the target of inflation by 2 percent – although he added that “it will take time before we can achieve this goal is a continuous basis. “

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