Tobias Burns
Tobias Burns
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Why the December inflation report could push back Fed rate cuts

Why the December inflation report could push back Fed rate cuts

The consumer price index (CPI) inched upward in December following a surprisingly strong jobs report for the month, potentially pushing back an expected March cut in interest rates by the Federal Reserve. The CPI advanced 0.3 percent on the month, the Labor Department reported Thursday, up from 0.1 percent in November and no increase in October. Annually, the index advanced to a 3.4-percent increase from 3.1 percent in November, but still below recent highs around 3.7 percent reached in September and October. “This uptick in CPI is a critical reminder of the unpredictable nature of...

Jan 11
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thehill.com

thehill.com

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