The 0.1% m/m fall in headline consumer prices in December won’t concern the Fed as it can be explained by the plunge in gasoline prices. But the 0.2% m/m gain in core prices, which left the core CPI inflation rate unchanged at 2.2%, lends support to Fed officials’ “patient” approach to further interest rate hikes.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.