Rising US inflation in January reduces chance of Fed rate cut
The consumer price index rose 3% y-o-y, the highest rise since June
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The consumer price index rose 3% y-o-y, the highest rise since June
The decision ends the Fed’s cutting spree last year
Rent is the Kingdom’s biggest inflation driver
The index also grew 3.6% y-o-y in 4Q 2024
Economists expect the Fed to require more consistency before any speed-ups
Home rentals rose 10.6% y-o-y in December
The company similarly hiked diesel prices at the start of last year
Inflation to settle at 1.7% in 2024
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