The US Federal Reserve's favored measure of inflation ticked higher last month, according to government data published Friday, indicating that its long-running battle against rising prices is not over yet.- Core inflation still falling -
The closely watched "core inflation" measure, which strips out volatile food and energy costs, continued to ease, rising by 2.9 percent in the year to December, and by 0.2 percent from a month earlier.
WASHINGTON, Jan 26 The US Federal Reserve’s favoured measure of inflation ticked higher last month, according to government data published today, indicating that its.
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BofA strategist Michael Hartnett calls it as he sees it and regardless of how fast the Fed may pivot, investors continue to position for lower interest rates.