Reported about 21 hours ago
In December, US inflation saw its largest increase in eight months, attributed to robust consumer spending on goods and services. Despite a modest monthly gain in core prices excluding food and energy, annual core inflation remained persistent. The Federal Reserve is cautious and has indicated it may delay further interest rate cuts, with consumer spending rising 0.7% in December, primarily driven by purchases in automobiles and energy products, indicating a resilient economic expansion.
Source: YAHOO