welcome
PBS

PBS

Business

Business & Economics

U.S. inflation increases to 3 percent, groceries and gasoline prices heading higher

PBS
Summary
Nutrition label

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

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links