02/16/2024
Consumer in the United States cooled last month, but remains higher than the Fed's target. The good news? Inflation in goods is moderating. The bad news is the price of services continues to run hot. This is notable in the cost of rents, insurance, and hotel rooms. It seems we are on the right track, but inflation remains sticky.
The consumer price index rose 0.3% from December to January and 3.1% from a year ago