Annual inflation rate in the US remained unchanged in January at 1.4%. Today's reading came in below market expectations of 1.5%. The rate remains well below 2.3% recorded in February 2020 before the coronavirus pandemic hit.
US core consumer price inflation, which excludes volatile items such as food and energy, fell to 1.4% in January from 1.6% in December and below market expectations of 1.5 %.
EURUSD price rose after today's data releases and is heading towards the next resistance level at 1.2150. Source:xStation5
US OPEN: Wall Street declines deepens
The Michigan Sentiment Index highlights concerns about a short-term spike in U.S. inflation💡
Economic Calendar: A Calm End to the Week for Markets
Consumer sentiments fall in Germany and France amid rising energy prices