Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
The December CPI report, due Wednesday, is predicted to show another month of sticky inflation. Gas, food, vehicle, and shelter costs are among the areas believed to have kept the CPI elevated.
December CPI shows 0.4% monthly rise; annual inflation hits 2.9%. Core inflation slows to 3.2%, signaling easing pressures. Energy costs surged 2.6% in December, led by a 4.4% spike in gasoline ...
Prior to December's print, core CPI had been stuck at a 3.3% annual gain for the past four months. It was the first time since July that year-over-year core CPI saw a deceleration in price growth.
Consumer Price Index showed an acceleration to 2.9%, the highest rate since July. With such high inflation, the Fed is unlikely to cut rates in January.
The Consumer Price Index report for January is expected to show broadly unchanged annual inflation according to nowcasts.
The Bank of Japan will aim to sustainably achieve 2% inflation as measured by the overall consumer price index, Governor ...
The inflation outlook is evolving broadly in line with estimates, with significant support stemming from easing prices of ...
The Consumer Price Index (CPI) rose 0.2% this quarter. • Over the twelve months to the December 2024 quarter, the CPI rose ...
Japan's core consumer prices in December rose 3.0 percent from a year earlier, the fastest pace in more than a year, as ...
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