Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.

This week’s forthcoming Consumer Price Index report could show easing year-on-year inflation, increasing the potential for Fed interest rate cuts in May or June 2025.

The December CPI report, due Wednesday, is predicted to show another month of sticky inflation. Gas, food, vehicle, and shelter costs are among the areas believed to have kept the CPI elevated.

Prior to December's print, core CPI had been stuck at a 3.3% annual gain for the past four months. It was the first time since July that year-over-year core CPI saw a deceleration in price growth.

December CPI shows 0.4% monthly rise; annual inflation hits 2.9%. Core inflation slows to 3.2%, signaling easing pressures. Energy costs surged 2.6% in December, led by a 4.4% spike in gasoline ...

The Consumer Price Index report for January is expected to show broadly unchanged annual inflation according to nowcasts.

The inflation outlook is evolving broadly in line with estimates, with significant support stemming from easing prices of ...

The monthly CPI indicator rose 2.5% in the 12 months to December. • The top contributors to the annual movement were Food and ...

The Consumer Price Index (CPI) rose 0.2% this quarter. • Over the twelve months to the December 2024 quarter, the CPI rose ...