The Consumer Price Index (CPI), which measures changes in prices paid by consumers for goods and services, was released earlier today for the month of January and showed an increase m/m of +0.3% and +3.1% y/y vs. the prior month of +0.2% m/m and +3.4 y/y.
The Federal Reserve Open Market Committee (FOMC) released their decision on the federal funds rate earlier today at the January meeting and maintained the rate at 5.25-5.50% for the fourth consecutive meeting.
The Bureau of Economic Analysis release their initial read on Q4 2023 GDP and reported that the economy expanded by 3.3% from the previous quarter.
The U.S. Bureau of Labor Statistics released the December Consumer Price Index summary today and reported an increase of 0.3% month-over-month and 3.1% year-over-year. Read more to find out how other categories performed last month.
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