Reported about 13 hours ago
The latest Consumer Price Index indicates that housing inflation pressures have moderated, with shelter costs rising just 4.6% year-over-year in December—the slowest increase since January 2022. This trend could influence the Federal Reserve's upcoming interest rate decisions, as experts suggest that the easing of housing inflation presents a positive sign for achieving the Fed's 2% inflation target. Overall, while consumer prices rose 0.4% in December, core inflation showed signs of deceleration, emphasizing the importance of housing costs in the economic landscape.
Source: YAHOO