Reported about 6 hours ago
December's Consumer Price Index (CPI) data reveals a slight easing in inflation, with the core CPI rising only 0.2%, down from 0.3% in November. Year-over-year, the core CPI rose 3.2%, marking the first deceleration since July. While headline consumer prices increased by 2.9% annually, seasonal factors contributed to ongoing inflationary pressures in areas like shelter and food. Market reactions have been positive, hinting at cautious optimism regarding future Federal Reserve rate decisions amidst evolving economic conditions.
Source: YAHOO