The incoming president is set to inherit three months of rising inflation from his predecessor, the Consumer Price Index shows.
The Consumer Price Index report for January is expected to show broadly unchanged annual inflation according to nowcasts.
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
The consumer price index, an inflation gauge, rose 2.9% on an annual basis in December 2024 on the back of higher food and ...
Wednesday's softer-than-expected core CPI number offers some ... after last week's hot employment report, that could allow interest-rate cuts to remain on the table in 2025, said Skyler Weinand ...
Inflation remains above the Fed’s target, and it’s widely believed that a rate cut is off the table for January, if not longer. Forecasts for the December Consumer Price Index report show ...
Groceries are up 1.8%. Meanwhile, there were some bright spots in the CPI report, such as shelter. The 4.6% annual inflation rate for housing in December was the lowest since January 2022.