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Inflation rises for third month to 2.9% in December. What it means for Fed rate cuts.
Annual inflation ticked up for a third straight month in December as food, energy costs rose, CPI report showed. But underlying price measure eased.
CPI edged higher in December, complicating the Fed's upcoming decision on rate cuts
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
Core inflation rate slows to 3.2% in December, less than expected
However, excluding food and energy, the core CPI annual rate was 3.2%, a notch down from the month before and slightly better than the 3.3% forecast. The core measure rose 0.2% on a monthly basis, also 0.1 percentage point less than expected.
1h
on MSN
Inflation rises 2.9% in December, in line with expectations
The Labor Department released the inflation report for December which showed prices were up 2.9% from a year ago, in line ...
24m
on MSN
US inflation picked up in December, though underlying price pressures ease slightly
U.S. inflation picked up in December as prices rose for gas, eggs, and used cars, yet underlying price pressures also showed ...
1h
on MSN
CPI Inflation Ticked Up To 2.9% In December—Highest Since July As Economists Note Stalling Progress
Progress on inflation should stall this year” as fiscal, immigration and trade policies shift, caution Bank of America ...
1h
on MSN
Futures rise after December CPI data
U.S. stock index futures extended gains on Wednesday as investors assessed a broadly in-line consumer inflation report to ...
1h
on MSN
Inflation accelerated as expected in December
US inflation continued to heat up at the end of 2024. The consumer price index rose 2.9% year-over-year in December, above ...
1h
on MSN
Inflation heated up in December, as prices continue to weigh on Americans
Inflation probably picked up in late 2024, fueled by robust household spending amid a strong economy. A key gauge of ...
2h
US consumer prices rise slightly above expectations in December
U.S. consumer prices increased slightly more than expected in December amid higher costs for energy goods, pointing to still ...
45m
US Consumer Inflation Rises To 2.9 Percent In December
US consumer inflation rose for a third straight month in December as energy prices rose, according to government data ...
17h
on MSN
December monthly border encounters decrease to lowest daily average since July 2020: DHS
Daily encounters in December along the southwest border were the lowest average since July 2020, according to the Department ...
4d
on MSN
December Jobs Report: Labor Market Grew Faster Than Expected As Unemployment Clocks In At 4.1%
Friday’s jobs report was “even more important” than normal as the market adjusts its assessment of the direction of the ...
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Inflation
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