Mexican Media Brands
U.S. Inflation Accelerates
Growth in the U.S. consumer price index accelerated to an unexpectedly high 0.5% in January, raising the likelihood of higher interest rates.
#economics
Share
Growth in the U.S. consumer price index accelerated to an unexpectedly high 0.5% in January from 0.2% in December. The increase raises the likelihood of higher interest rates.
The running 12-month average inflation rate through last month was 2.1%, according to the U.S. Dept. of Labor. When volatile food and energy prices are ignored, the core rate expanded 0.3% in January and 1.8% for the past 12 months.
The Federal Reserve considers a 2% inflation rate ideal. The Fed most recently raised its benchmark rate by 0.25 points to a range of 0.75%-1.0% in mid-March. At the time, the central bank predicted core inflation would climb to 2% in 2018-2019.
RELATED CONTENT
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.
-
Porsche Doubles EV Target for 2025
Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.