Inflation is Cooling but Will Not Reach the Fed’s Target Rate of 2% in 2024
The headline inflation reading was 3.4% for December 2023, showing an uptick from the previous month’s reading of 3.1% (bls.gov). Core CPI, excluding volatile food and energy prices, rose 0.3% for the month and 3.9% from a year ago.
Inflation is Cooling but Will Not Reach the Fed’s Target Rate of 2% in 2024 Read More »