🔴 Inflation Heats Up: U.S. consumer prices rose 3.0% year-on-year in January, the biggest jump in nearly 1.5 years. Monthly increase: 0.5%, led by shelter, food, and gasoline.
🔴 Core Inflation Steady: Core CPI rose 0.4% in January and 3.3% year-on-year, showing persistent inflation.
🔴 Fed on Hold: With higher-than-expected inflation, the Federal Reserve is holding off on cutting interest rates.
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