Headlines

US Used Car Prices MoM (Jan) M/M 2.4% (Prev. 0.1%)

Newsquawk Staff ·

US Used Car Prices MoM (Jan) M/M 2.4% (Prev. 0.1%)

What it means

The significant increase in used car prices by 2.4% MoM in January, up from the previous 0.1%, signals a potential upward trend in inflation pressures. This sharp rise could affect consumer spending and impact broader inflation metrics, likely drawing attention from the Fed regarding future monetary policy adjustments.

Related headlines