Core CPI inflation comes in slightly cooler than expected
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December's core CPI increase was below forecasts at 0.2%, alleviating pressure on the Fed and pointing to steady monetary policies.
Underlying US inflation rose in December by less than expected, a more confident signal of cooling price growth after shutdown-related distortions complicated the previous report.
December CPI shows cooling inflation—headline 2.7% and core 2.6%—with muted markets and a likely Fed pause. Click for a full analysis of the latest data.
The S&P 500 Index ($SPX ) (SPY ) is down -0.02%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.36%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.09%. March E-mini S&P futures (ESH26 ) are down -0.
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CPI inflation: 'Goldilocks' data lifts Fed rate-cut odds (live coverage)
Core CPI inflation unexpectedly held at a low 2.6% in December. That's boosting S&P 500 futures and Federal Reserve rate-cut odds.
December CPI met expectations as core cooled to 0.2%; markets muted near 4.20% yields. Click for this full review of the latest data and its implications.