US inflation ticks up again — dimming prospects for significant Fed cuts this year
Snippet of Article: "...US consumer prices showed no signs of cooling in December amid higher costs for energy goods — pointing to still elevated inflation that aligns with the Federal Reserve’s projections for fewer interest rate cuts this year.
The consumer price index rose 0.4% last month after climbing 0.3% in November, the Labor Department’s Bureau of Labor Statistics said on Wednesday. In the 12 months through December, the CPI advanced 2.9%..."
