January Inflation Report , Misses Slowdown Expectations.<br />The consumer price data for Jan. was released on Feb. 14.<br />The data shows that consumer prices for the month increased by 6.4 percent.<br />The number is down by a tenth of a percent from Dec.<br />However, economists had predicted a slightly steeper inflation slowdown of 6.2 percent.<br />While analysts generally agree that the peak of inflation has passed, .<br />... an increase of 6.4 percent for Jan. is significantly higher than the two percent preferred by officials at the Federal Reserve.<br />Fed Chairman Jerome Powell recently signaled that interest rates will remain higher until inflation cools.<br />Powell stated that he expects the process to take some time.<br />There has been an expectation that it [inflation] will go away quickly and painlessly — <br />and I don’t think that’s <br />at all guaranteed, Jerome Powell, Fed Chairman, via NBC News.<br />That’s not the base case, Jerome Powell, Fed Chairman, via NBC News.<br />The base case for me is that it will take some time, and we’ll have to do more rate increases, , Jerome Powell, Fed Chairman, via NBC News.<br />... and then we’ll have to look around and see whether we’ve done enough, Jerome Powell, Fed Chairman, via NBC News.<br />Analysts are expecting continued interest rate hikes.<br />We now expect a further hike in March, and we’re increasingly leaning towards expecting a final increase in May, Ian Shepherdson, Pantheon Macroeconomics, via NBC News.<br />Take the time to understand each other.<br />Take the time to understand each other.<br />Take the time to understand each other.<br />Take the time to understand each other.<br />Take the time to understand each other
