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CPI Rose in December, a Sign the Fed’s Inflation Fight Has Stalled

15 January 2025
in Business
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CPI Rose in December, a Sign the Fed’s Inflation Fight Has Stalled
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Consumer prices rose 0.4 percent in December, with the Consumer Price Index up 2.9 percent from a year earlier, driven by food prices. Core inflation slowed slightly to 3.2 percent, but overall progress has stalled, leading to concerns at the Federal Reserve and a likelihood of interest rates remaining steady in the near future.

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