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Weekly Jobless Claims Drop, Signaling Stable Job Market

US weekly jobless claims fall, labor market remains stable

Inflation: Higher Than Expected in January, Core Prices Rise

Inflation data released Wednesday shows headline consumer prices rose more than forecast in January, with the CPI increasing 3.0% year-over-year. Core inflation, excluding food and gas, climbed 0.4% over the prior month and 3.3% over last year, remaining above the Fed's 2% target. Despite some deceleration in shelter costs, used car prices saw another strong uptick.