US Inflation Rise in December; Consumer Spending Accelerates

US prices rose in December while consumer spending surged, signalling that the Federal Reserve may delay interest rate cuts for a while amid persistent inflationary pressures and robust economic activity.

Feb 1, 2025 - 01:12
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US Inflation Rise in December; Consumer Spending Accelerates
US prices rose in December while consumer spending surged, signalling that the Federal Reserve may delay interest rate cuts for a while amid persistent inflationary pressures and robust economic activity.