www.bloomberg.com
Here is a 100-word summary of the December US CPI report analysis:
The December US CPI report indicates cooling inflation, which is generally positive for markets. Year-over-year inflation rose by 2.9%, slightly meeting expectations, while the month-over-month increase was 0.4%. Core CPI, excluding volatile food and energy, came in softer than anticipated at 0.2% month-over-month and 3.2% year-over-year. This moderation was largely driven by falling energy costs and a stabilization in housing inflation. The data suggests the Federal Reserve’s fight against inflation is progressing, raising hopes for potential interest rate cuts in 2024, though officials remain cautious about declaring an absolute victory against price pressures.
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