Slowed Tag

Inflation Slowed in January Inflation slowed in January, but not enough to ease the concerns of anyone — from investors sweating out the market to consumers trading all the way down to budget-minded shopping options. The Labor Department’s Consumer Price Index rose 6.4 percent last month, marking a slight declaration from December, when prices rose 6.5 percent from a yr earlier. For the Jerome Powell-led Federal Reserve, which seeks to maintain inflation closer to 2 percent, prices are still growing uncomfortably fast, meaning the central bank’s drive to chill down the economy by making it dearer to borrow money is prone to proceed. And that can proceed to affect everyone, including the style industry, where consumers outside the rarified world of luxury are showing...