U.S. consumer prices rose more than expected in December; weekly unemployment claims fall

U.S. consumer prices increased more than expected in December as rents maintained their upward trend, which could delay a much anticipated interest rate cut in March from the Federal Reserve. The consumer price index (CPI) rose 0.3 per cent last month after nudging up 0.1 per cent in November, the…#federalreserve #pce #cmegroups #fedwatchtool #labordepartment

Source: Reuters: Health - January 11, 2024 Category: Consumer Health News Source Type: news