U.S. Future Inflation Gauge Rises
U.S. inflationary pressures were higher in January, as the U.S. future inflation gauge climbed to 105.2 from an upwardly revised 104.4 in December, originally reported as 104.0, according to data released Friday morning by the Economic Cycle Research Institute.
"While pointing to somewhat higher U.S. inflation pressures, the USFIG has not yet seen a pronounced, pervasive and persistent advance that would mark a cyclical upswing in inflation pressures," ECRI Chief Operations Officer Lakshman Achuthan said in a release.