US inflation bumps up in December
CPI increase seen as modest, with Fed done and dusted on further rate hikes.
Federal Reserve, United States.
Jonathan Mitchell
Fri, 12 Jan 2024
2024 will be the year of rate cuts and falling inflation, but just how many and by how fast were yet to be determined, after a hotter-than-expected rise in US inflation.
Overnight, the US consumer price index increased 0.3% in December, to reach an annual rate of 3.4%, higher than expected.
Core
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Jonathan Mitchell
Fri, 12 Jan 2024
Contact the Writer: jmitchell@nbr.co.nz
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