Reported 1 day ago
US inflation likely experienced only a slight cooldown at the end of 2024, influenced by a strong job market and stable economy, which may reinforce the Federal Reserve's cautious stance on rate cuts. The consumer price index excluding food and energy is expected to have increased by 0.2% in December, while the core inflation rate remains at 3.3%. With job growth exceeding expectations and a decrease in unemployment, economists predict fewer rate adjustments, reflecting a stable economic outlook amidst rising consumer inflation expectations.
Source: YAHOO