Inflation Rose 3% in January on Sticky Price Pressures
Fed Likely to Delay Interest Cuts
An empty shelf of eggs at a Safeway in Seattle. Grocery costs rose in January. (AP Photo/Lindsey Wasson)
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WASHINGTON — U.S. inflation accelerated last month as the cost of groceries, gas, and used cars rose, a trend that will likely underscore the Federal Reserve’s resolve to delay any further interest rate cuts.
The consumer price index increased 3% in January from a year…
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