1xbet The Fed’s Preferred Inflation Measure Ticked Up Slightly in December

The Federal Reserve wants to see more evidence that inflation is easing before resuming interest rate cuts. The latest data presented a mixed picture.
The central bank’s preferred inflation measure, released on Friday, climbed 2.6 percent in December from a year earlier, faster than its 2.4 percent rate in November and quicker than the central bank’s 2 percent target. Compared to the previous month, prices are up 0.3 percent.
After stripping out volatile food and fuel costs, “core” inflation was 2.8 percent, in line with its previous reading, data from the Commerce Department showed on Friday.
Price pressures have been a focal point for the Fed as it debates how quickly to resume rate cuts — it decided this week to take a breather. Since September, rates have come down by a percentage point, and now hover between 4.25 percent and 4.5 percent.
Beneath the headline figures, the details suggested that underlying inflation has stabilized. On a monthly basis, core inflation rose 0.2 percent,okjl casino roughly in line with November’s increase.
New employment cost index data, also released on Friday, showed that compensation rose 0.9 percent in the fourth quarter, roughly in line with the pace earlier in the year. Oliver Allen, senior U.S. economist at Pantheon Macroeconomics, said the latest numbers released by the Bureau of Labor Statistics provided “some reassurance.”
“What he said or didn’t say is between him and the people of North Carolina,” said Mr. Vance, former President Donald J. Trump’s running mate. He added: “I’ve seen some of the statements. I haven’t seen them all. Some of them are pretty gross, to put it mildly. Mark Robinson says that those statements are false, that he didn’t actually speak them. So I think it’s up to Mark Robinson to make his case to the people of North Carolina that those weren’t his statements.”
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