January inflation in the US rose 3% year-over-year, surprising markets and prompting a reassessment of Federal Reserve interest rate cuts. The Consumer Price Index (CPI) increased by 0.5% from December, with notable rises in energy and food costs. Federal Reserve Chair Jerome Powell acknowledged the elevated inflation, while economists expressed concerns about the Fed's policy. Market reactions included a stronger US dollar and falling stocks, with expectations for future rate cuts being pushed back. Teljes cikk (Euronews.com)