U.S. Inflation Surpasses 2%
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year inflationPBS
•Business
Business & Economics
U.S. inflation increases to 3 percent, groceries and gasoline prices heading higher
75% Informative
Consumer price index increased 3% in January from a year ago , up from 2.9% the previous month .
Inflation has remained stubbornly above the Fed ’s 2% target for roughly the past six months .
Dow futures tumbled 400 points and all major markets are likely to sell off at the opening bell.
Inflation is a major reason the Federal Reserve has paused its interest rate cuts, after implementing three of them last year .
On Tuesday , Fed Chair Jerome Powell said “we do not need to be in a hurry” to implement further reductions.
But he emphasized that it would depend on how many imports are hit with tariffs.
VR Score
86
Informative language
91
Neutral language
55
Article tone
semi-formal
Language
English
Language complexity
45
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Hate speech
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Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
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