Arrr, the prices of goods be on the rise, me mateys! A grand plunderin' be happenin' in February!
2024-03-12
Arrr, me hearties! The scallywags at the Federal Reserve be keepin' a keen eye on the rising inflation in February. They be holdin' off on lowerin' interest rates until at least the summer. The labor department be reportin' a 0.4% increase in the consumer price index, makin' it 3.2% higher than last year. Aye, the numbers be in line with expectations, but slightly ahead of the forecast. Excludin'...
Arrr mateys, listen up ye scallywags! Inflation be on the rise once again in February, makin' the Federal Reserve hold off on lowerin' interest rates until at least the summer months.The consumer price index, which be a fancy way of measurin' the cost o' goods and services, went up by 0.4% for the month and a hefty 3.2% from a year ago, as reported by the Bureau of Labor Statistics. The gain be just as expected for the month, but a wee bit higher than the forecasted 3.1% for the year.
But hold on to yer cannons, me hearties! There be more to this tale. Excludin'...Arrr! Ye be needin' to keep a sharp eye on the horizon for any signs o' the Fed makin' a move on those interest rates. Until then, batten down the hatches and brace yerself for a bit more inflation in the forecast!