US economic growth slows sharply in 4th quarter
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The latest rate, which covers the year to January, is a drop from the previous 3.4% - but it remains above the Bank of England's 2% target.
According to the Commerce Department's Bureau of Economic Analysis, the Personal Consumption Expenditures price index rose 0.4% in December and 2.9% from a year earlier, while core PCE increased 3.0% year over year.
The Canadian Press on MSN
Food inflation spiked 7.3% in January. Here's what's driving the increase
OTTAWA — Statistics Canada reported an easing in the headline inflation rate Tuesday but a jump in the pace of food inflation amid tax changes and lingering pressures at the grocery store continue to put the squeeze on consumers.
President Donald Trump said the U.S. "defeated" inflation and reined in consumer prices over the past year. Federal data suggests otherwise.
Investors weren’t pleased by inflation and GDP data. Then the Supreme Court’s ruling striking down Trump’s tariffs saved the day.
Romania’s central bank BNR on February 17 maintained the policy rate at 6.5%, in line with expectations, and signalled minor adjustments to the inflation outlook to be updated on February 18. The expectations about the first interest rate cut,
The U.K. inflation rate cooled to 3% in January, according to the latest figures from the Office for National Statistics (ONS).