Reported 1 day ago
U.S. consumer prices rose by 0.4% in December, slightly above expectations due to increased energy costs, leading to a year-over-year CPI increase of 2.9%. This trend supports the Federal Reserve's stance on a cautious approach to interest rate cuts, easing fears of immediate rate hikes while indicating a mixed outlook on inflation management amidst ongoing consumer price fluctuations.
Source: YAHOO