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

Southern Africa payments hub eyes more currencies to boost trade

African central banks set to hold rates as inflation fears grow

ECOWAS nations sign landmark agreement on Nigeria-Morocco gas pipeline

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