December Inflation Data Closes Door on January Rate Cut, but …

1 hour ago · That’s up from 78% a month ago. ... December US CPI Report Shows Inflation at a 2.9% Annual Rate. ... Forecasts for December Jobs Report Show Softening but Still-Healthy Growth.

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December Inflation Data Closes Door On January Rate Cut, But …

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1 hour ago · That’s up from 78% a month ago. ... December US CPI Report Shows Inflation at a 2.9% Annual Rate. ... Forecasts for December Jobs Report Show Softening but Still-Healthy Growth.

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CPI Edged Higher In December, Complicating The Fed's ... - CBS News

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5 hours ago · Yet the Fed has struggled with the last leg of its inflation battle in pushing the CPI to a 2% annual rate, and December's reading could convince the central bank to hold off on …

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Core Inflation Rate Slows To 3.2% In December, Less Than Expected

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18 hours ago · The two readings likely mean that the core PCE will rise just 0.2% in December, keeping the annual rate at 2.8%, according to Samuel Tombs, chief U.S. economist at …

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Consumer Price Growth Rose In December, A Sign Trump Will Inherit ...

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8 hours ago · The Bureau of Labor Statistics reported Wednesday that the annual inflation rate — which is calculated based on prices compared to a year ago — climbed to 2.9% from 2.7% in …

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Inflation Eased In December 2024, Consumer Price Index Shows

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5 hours ago · Inflation showed cooling signs at the end of 2024: The Consumer Price Index ticked up by 0.4% in December, but a measure that excludes food and energy prices slowed for the …

axios.com

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December PCE Shows Consumers Charge The Economy - Yahoo …

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Jan 26, 2024 · Year over year PCE headline also came in-line at +2.6% — flat from the previous month, and continuing the lowest levels of PCE inflation since February of 2021 (when things …

yahoo.com

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December PCE: Core Inflation Dropped More Than Expected

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Jan 29, 2024 · The gain in the core personal consumption expenditures price index, which excludes the more volatile costs of food and energy, slowed to 2.9% year over year in …

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There’s A Lot Of Good News For Americans In The Latest Inflation …

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Jan 26, 2024 · December’s inflation reading is 0.6 percentage points from the central bank’s goal of 2%. People shop at a supermarket in Foster City, California, the United States, Jan. 11, 2024.

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Inflation Pressures Ease In December As Core CPI Rises Less Than …

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5 hours ago · Headline consumer prices rose as forecast last month. The CPI increased 2.9% over the prior year in December, an uptick from November's 2.7% annual gain in prices.The …

yahoo.com

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Core PCE Inflation Hits 2.8% As Interest Rate Cut Hopes Dwindle

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Dec 20, 2024 · The report comes two days after the Federal Reserve moved up its 2025 inflation projection and moved down its 2025 rate cut forecast, concerning Wall Street.

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The Fed's Favorite Inflation Gauge Shows Price Hikes Cooled In …

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Jan 27, 2023 · On a monthly basis, inflation ticked up just 0.1% from November to December for a second straight month. Energy prices plunged 5.1%, and the overall cost of goods also fell.

cbsnews.com

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December PCE Shows Consumers Charge The Economy - Nasdaq

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Jan 26, 2024 · The real money, however, is in the core data — or such goes the perception: December core PCE month over month was up the expected +0.2%, higher than the +0.1% in …

nasdaq.com

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'Cuts Are Coming': 7 Economists On December Inflation Data, …

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Jan 26, 2024 · Positive Outlook for Fed, Markets: Larry Tentarelli from Blue Chip Daily views the data as a positive sign.“With Core PCE at 2.9% Y/Y versus a Fed funds rate of 525-550, …

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Inflation Rate Slows Again To 15-month Low, PCE Shows, As

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The cost of U.S. goods and services rose a scant 0.1% in December in yet another sign inflation is cooling off Inflation rate slows again to 15-month low, PCE shows, as U.S. economy …

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Inflation Rose For Third Month In A Row, Up To 2.9% In December

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5 hours ago · The PCE index for November showed PCE inflation rising to 2.4%. And core inflation is at a 2.8% year-over-year rate. The most recent jobs report bolstered perceptions …

washingtonexaminer.com

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US Inflation Rose In December, But Price Pressures Eased A Bit

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4 hours ago · Wednesday’s report from the Labor Department showed that the consumer price index rose 2.9% in December from a year ago, the highest since July, up from 2.7% in …

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Inflation Watch: Wholesale Prices Rose 0.2% In December, Less

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1 day ago · The producer price index was expected to increase 0.4% in December, according to the Dow Jones consensus estimate.

cnbc.com

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US Inflation Picked Up In December But Underlying Price Pressures …

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1 day ago · If core prices continue to match December’s pace, inflation should move closer to the Fed’s 2% target. The report shows that core inflation “is on the downslope,” said Mike …

kstp.com

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Latest CPI Inflation Report Makes January Fed Rate Cut Very

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2 hours ago · The December Consumer Price Index report showed an acceleration in year-on-year total CPI inflation to 2.9%, the highest rate since July 2024. Meanwhile, core CPI …

forbes.com

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PCE Inflation Comes In Line With Expectations - Yahoo Finance

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Jan 26, 2024 · The real money, however, is in the core data — or such goes the perception: December core PCE month over month was up the expected +0.2%, higher than the +0.1% in …

yahoo.com

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CPI Report Keeps The Fed On Track: What The Experts Are

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1 hour ago · The stickiest component of inflation remains shelter, but even that component is moving in the right direction as the year-over-year inflation growth was 4.6%, which is the …

kiplinger.com

FAQs about December Inflation Data Closes Door on January Rate Cut, but … Coupon?

Is core PCE inflation going up in December?

At Citi, economists now expect that core PCE inflation, which excludes volatile food and energy prices, ran at 0.21% month over month in December, a slight upward tweak from the previous forecast. Morgan Stanley economists also nudged up their December core PCE inflation projection, now at 0.23%. ...

What's going on with the PCE price index in December?

December’s inflation reading is 0.6 percentage points from the central bank’s goal of 2%. Excluding energy and food, components that tend to be more volatile, the closely watched core PCE price index rose 2.9% annually, a slower pace than the 3.2% rate seen in November. The core PCE gauge is at its lowest point since March 2021. ...

Is core PCE inflation a good signal for inflation?

The core PCE gauge is at its lowest point since March 2021. While the headline index is the official base for the target rate, Fed Chair Jerome Powell and other policymakers often highlight core PCE inflation as it’s generally considered a better signal of where inflation is headed. ...

Why did the PCE index rise in November?

The PCE index also ticked up in the most recent reading, rising to 2.4% in November. The Fed’s goal is 2% inflation, and after years of higher interest rates, the central bank has started reducing its rate target. But stickier inflation reports could cause the Fed to slow its efforts to lower rates. ...

What is the Fed's forecast for core PCE inflation?

The Federal Reserve’s quarterly summary of economic projections released Wednesday revealed the median central banker forecast calls for 2.5% core PCE inflation by the end of next year, up from the 2.2% projected in September and still noticeably above the Fed’s 2% goal. ...

Is the PCE index a good predictor of future inflation?

The increase in the core rate of inflation in the past 12 months decelerated to 4.4% from 4.7%. That’s also the lowest level in 14 months. The PCE index is viewed by the Fed as the best predictor of future inflation trends, especially the core gauge that strips out volatile food and energy costs. ...