Dollar
Jumps as Consumer Prices Rise More Than Expected
New
York, 12 Feb (ONA) --- The US dollar jumped today after data showed that consumer
prices rose more than economists expected in January, raising the likelihood
that the Federal Reserve will hold interest rates higher for longer as it
battles to bring down price pressures.
The
headline consumer price index rose by 0.5% in January 2025, while the core
index rose by 0.4%. Both were expected to rise by ...