Inflation surprisingly rose in January, according to the Fed's preferred gauge

Inflation unexpectedly picked up speed in January as the Personal Consumption Expenditures price index rose 5.4% in January from a year earlier, the Commerce Department's Bureau of Economic Analysis reported Friday. In December, prices rose 5.3% annually.

News: What you need to know about the markets     Inflation surprisingly rose in January, according to the Fed's preferred gauge Inflation unexpectedly picked up speed in January as the Personal Consumption Expenditures price index rose 5.4% in January from a year earlier, the Commerce Department's Bureau of Economic Analysis reported Friday. In December, prices rose 5.3% annually. Read more »   2 million Cosori air fryers recalled because of fire hazard Roughly 2 million Cosori air fryers have been recalled because they pose a possible fire risk. Read more »   Thomas H. Lee, pioneer of leveraged buyouts, is dead at 78 Thomas H. Lee, a private equity financier who pioneered the use of leveraged buyouts that helped to reshape corporate America, has passed away, according to a notice from his former firm that still bears his name. Read more »   A generation of high-profile women tech leaders have stepped aside. What's next? When Susan Wojcicki was named CEO of YouTube in 2014, she was in relatively good company as a woman leader in Silicon Valley. Read more »   Why today's inflation report is so important Federal Reserve policy is based on trust. The central bank's ability to maintain stable prices depends on the public's confidence that it can deliver. But after more than a year of interest rate hikes and attempts to cool the economy, prices are still rising at a pace well above the Fed's 2% goal and the public is becoming increasingly weary. Read more »   Molson Coors must stop saying rival beers taste like water, regulator says Beer ads try to be funny, but a regulatory group has determined that Molson Coors went too far with a recent ad that compares rivals' light beer to water. Read more »

Dow Nasdaq S&P -336.99   -195.46   -42.28 32,816.92   11,394.94   3,970.04 -1.02%   -1.69%   -1.05% YTD -1.00%   YTD +8.87%   YTD +3.40%

Biggest Winners EQT Corp +6.89%   Linde PLC +4.75%   Edison International +4.21%   Coterra Energy Inc +3.61% Biggest Losers Live Nation Entertainment Inc -10.08%   Boeing Co -4.80%   EOG Resources Inc -4.41%   Pioneer Natural Resources Co -4.14%

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Key Market Stats Latest Today's Change Oil $76.52 +1.13 / +1.50% Gold $1,817.80 -9.00 / -0.49% 10-yr 3.95% +0.07 Euro $1.06 -0.00 / -0.38%

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