Bitcoin on Nostr: Persistent Inflation Challenges Despite early signs of subsiding crisis-level ...
Persistent Inflation Challenges
Despite early signs of subsiding crisis-level inflation, December's report indicates continuing challenges with higher-than-desirable price increases in key economic areas, risking the delay in anticipated interest rate cuts and affecting hopes for reduced inflation before 2024.
- The Consumer Price Index ascended by 0.3% in December, a slight increase from November, with a 3.4% annual rise, signaling a steady pace of inflation particularly within the services sector.
- Shelter costs, a significant factor in the CPI rise, displayed sturdiness against predictions of decline, contributing to the stubborn core inflation rates that remain above the Federal Reserve's target.
https://www.axios.com/2024/01/11/sticky-inflation-problem
Despite early signs of subsiding crisis-level inflation, December's report indicates continuing challenges with higher-than-desirable price increases in key economic areas, risking the delay in anticipated interest rate cuts and affecting hopes for reduced inflation before 2024.
- The Consumer Price Index ascended by 0.3% in December, a slight increase from November, with a 3.4% annual rise, signaling a steady pace of inflation particularly within the services sector.
- Shelter costs, a significant factor in the CPI rise, displayed sturdiness against predictions of decline, contributing to the stubborn core inflation rates that remain above the Federal Reserve's target.
https://www.axios.com/2024/01/11/sticky-inflation-problem