Inflation data published Friday show that consumer price growth reaccelerated in January, marking the latest sign that the U.S. economy is defying the Federal Reserve’s attempts to cool demand.
O faʻamatalaga auina atu fa'asoa ua pa'u and sparked calls for a hefty half-point interest-rate hike when the Fed meets again next month. The latest inflation report also fueled further questions about why the economy has been able to remain so hot nearly a year into the central bank’s most aggressive monetary-policy tightening campaign in decades, defying widespread expectations.
Source: https://www.barrons.com/articles/inflation-rate-hikes-working-d737afa2?siteid=yhoof2&yptr=yahoo