Reported 1 day ago
Analysts predict that inflation rose in December, stalling previous progress against price increases, with the Consumer Price Index (CPI) potentially showing a 2.9% increase year-over-year. While food and energy prices are contributing factors, the core inflation is expected to decelerate slightly. This persistent inflation may complicate the Federal Reserve's monetary policy as they strive to control inflation while managing unemployment, especially with rising consumer concerns about economic conditions.
Source: YAHOO