U.S. inflation ticked up to 2.6% in December, hinting at a delay in interest rate cuts by the Federal Reserve.
U.S. inflation, as measured by the PCE price index, rose to 2.6% in December, up from 2.4% in November, indicating a continuous uptrend since September. Despite efforts to curb inflation, core inflation, which excludes food and energy, remained steady at 2.8%. The increase in consumer spending suggests the Federal Reserve may delay cutting interest rates.
2 months ago
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