Inflation Slows! Fed Rate Cut Coming SOON?!
Did inflation just peak, or is it just taking a breather? Core U.S. consumer prices in December increased at a slower pace than economists predicted, offering a glimmer of hope that inflation is finally cooling. This development is significant as the Federal Reserve weighs its next steps on interest rates. While this data suggests a move back towards the Fed's 2% target, elevated prices persist in crucial areas like shelter. Consequently, traders remain confident the Fed will hold rates steady for now, with potential cuts not expected until June. Stay tuned for more crucial financial updates and subscribe to our channel for essential insights.
Tags/Hashtags: #inflation #cpi #shelter
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