Reported about 23 hours ago
U.S. consumer prices rose by 0.3% in December, suggesting that the Federal Reserve might postpone interest rate cuts this year. The 12-month PCE price index increased by 2.6%, slightly higher than November's 2.4%. Despite the inflation uptick, experts believe the Fed may keep rates stable for now, as strong consumer spending continues and inflation indicators show mixed signals.
Source: YAHOO