federal reserve

Inflation’s finally rising. Should we be worried?

Inflation’s finally rising. Should we be worried?

The U.S. stock market ran wild and yields climbed last week because investors worried about an uptick in inflation. Data released this week suggests those fears might have been justified.

The Labor Department said Wednesday that consumer prices rose more than expected in January, raising concerns that inflation may rise too quickly. The Consumer Price Index, which measures the change in the average price of goods and services consumers purchase, jumped 0.5 percent last month, exceeding expectations of a 0.3 percent increase.

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