Consumer prices increased by 5% in December compared to the same month one year ago.
The Federal Reserve’s preferred indicator of inflation cooled in December – though prices still remain much higher than normal as the central bank mulls its next move on interest rates.
The annual rate cooled compared to November, when it came in at 5.5%, but is running well above the Fed’s 2% inflation target. In a sign of progress in the Fed’s fight against inflation, prices increased at their slowest rate since late 2021. Personal spending adjusted for inflation fell by 0.3% in December and was revised to show a drop of 0.1% in November, signaling that consumers have adjusted their shopping habits due to high prices. The data showed Americans slashed their spending on goods and poured more of their money into covering the cost of services.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Consumer Spending Fell 0.2% in December as Inflation CooledU.S. households cut spending in December, adding to signs of an economic slowdown. Underlying inflation cooled to its slowest pace since October 2021.
Consulte Mais informação »
US inflation and consumer spending cooled in DecemberAn inflation gauge closed watched by the Federal Reserve eased further in December, and consumer spending fell — evidence the Fed’s interest rate hikes are slowing the economy. Prices rose 5% from a year earlier, down from the 5.5% increase in November.
Consulte Mais informação »
Inflation gauge closely watched by the Fed cooled in December, but prices remain highInflation showed signs of cooling last month, a welcoming sign for the Federal Reserve as it tries to cool consumer prices with higher interest rates.
Consulte Mais informação »
Feds Beg for Patience as Family Autopsy Says Tyre Nichols Suffered ‘Severe Beating’ by CopsWhile details of Tyre Nichol's arrest remain few and far in between, his family's lawyers announced that preliminary autopsy results suggested Nichols 'suffered extensive bleeding caused by a severe beating.'
Consulte Mais informação »
Feds: Investigation into Black man's death may take timeMEMPHIS, Tenn. (AP) — The U.S. Attorney's Office said Wednesday the federal investigation into the death of a Black man who died after a violent arrest by Memphis police “may take some time.' Speaking during a news conference, U.S.
Consulte Mais informação »
Cash-Strapped Airman Caught Smuggling Migrants, Feds SayEXCLUSIVE: Senior Airman Dejion Daviece Nicholas, an active-duty U.S. Air Force serviceman, is facing federal charges after Border Patrol agents say they discovered half a dozen undocumented immigrants hiding in his car.
Consulte Mais informação »