A cooler-than-expected reading on underlying consumer price inflation eased fears about the Federal Reserve having to become more hawkish on interest rate cuts and solidified market expectations ...
Headline inflation was 2.9% in December, according to year-over-year changes in the Bureau of Labor Statistics’ consumer price index, the most commonly cited measure of inflation, while the ...
New consumer-price data “continues the story we’ve been on, which is that inflation is coming down toward target,” Barkin told reporters following an event in Annapolis, Maryland.
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