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US inflation increased by the most in eight months in December amid a surge in consumer spending, suggesting the Federal Reserve would probably be in no hurry to resume cutting interest rates soon.

WASHINGTON — (AP) — An inflation gauge closely watched by the Federal Reserve rose slightly last month, while some underlying prices pressures showed signs of easing. The latest inflation ...

[Stay on top of transportation news: Get TTNews in your inbox.] WASHINGTON — An inflation gauge closely watched by the Federal Reserve rose slightly last month, the latest sign that some ...

US prices increased in December while consumer ... The accompanying policy statement did not include the reference to inflation having "made progress" toward the Fed's 2% target.

WASHINGTON (Reuters) - U.S. inflation increased by the most in eight months in December amid robust consumer spending on goods and services, suggesting the Federal Reserve would probably be in no ...

The Federal Reserve's preferred inflation gauge showed prices rose as expected in December, and it remains above the central bank's target level amid its ongoing efforts to wrestle down inflation.