Inflation pressures eased again in December, giving some Federal Reserve officials more confidence that a continued slowdown in its interest rate increases is warranted. In the final month of 2022, inflation as measured by the Consumer Price Index showed prices rose 6.5% over last year while falling 0.1% over the prior month. Philadelphia Fed President Patrick Harker said Thursday morning he expects the “eye-popping” inflation readings of 2022 are behind us, and that it makes sense to slow… Source link
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