US inflation is set to back Fed pause after robust jobs data

The annual figure suggests progress toward tamer inflation has essentially stalled, at a time when the labour market and demand show scant signs of distress.

Underlying US inflation probably cooled only a touch at the close of 2024 against a backdrop of a resilient job market and steadfast economy, supporting the Federal Reserve’s go-slow approach to further rate cuts.The consumer price index excluding food and energy is seen rising 0.2% in December after four straight months of 0.3% increases, according…

Subscribe to read full article. Subscribe today

Related posts

AB InBev volumes beat expectations bolstered by beer demand

Dubai Airport passenger traffic drops 66% in March on Iran war

Global shocks seen spurring African pivot to domestic capital

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More