Powell, Biden Get No Love From Inflation Report

I’m Chris Anstey, a senior economics editor in Boston, and today we’re looking at the latest update on US inflation. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here.

A day before Valentine’s Day, the January report on US consumer prices was hardly a sweetheart set of data. While some economists cautioned that the first month of the year can be a bit of an anomaly — incorporating one-off annual price hikes — there were underlying elements of concern.