December inflation ticks up again, keeping Fed wary of slow cooling
TL;DR Summary
U.S. inflation accelerated in December as the Commerce Department’s PCE price index rose 0.4% for the month and 2.9% from a year earlier, the fastest yearly rise since March 2024. Core PCE also climbed 0.4% MoM and 3.0% YoY. Yet spending rose 0.4% and while gas prices fell, electricity and natural gas costs rose. The Federal Reserve left rates around 3.6%, with officials wanting inflation closer to 2% before considering rate cuts.
- Inflation rose faster than expected in December PBS
- Fed’s Preferred Gauge Shows Accelerating December Inflation Trends The Wall Street Journal
- Friday Could Be a Big Day for Markets The Motley Fool
- Sticky new inflation data expected to keep Fed on hold Yahoo Finance
- US PCE inflation heats up in December Reuters
Reading Insights
Total Reads
1
Unique Readers
1
Time Saved
2 min
vs 3 min read
Condensed
85%
471 → 72 words
Want the full story? Read the original article
Read on PBS