Inflation is down but will the FED listen
Inflation is down but will the FED listen
PPI declined 0.5% in December – compared to the 0.1% decline expected. For the year, headline PPI rose 6.2% in the month of December – its lowest level since March 2021.
last week’s CPI numbers – it’s clear inflation is cooling off.
Combine this withBottom line: All the current economic data is pointing to slowing inflation. This further puts pressure on the Fed to increase key interest rates in smaller increments.
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