• Education
    • Higher Education
    • Scholarships & Grants
    • Online Learning
    • School Reforms
    • Research & Innovation
  • Lifestyle
    • Travel
    • Food & Drink
    • Fashion & Beauty
    • Home & Living
    • Relationships & Family
  • Technology & Startups
    • Software & Apps
    • Startup Success Stories
    • Startups & Innovations
    • Tech Regulations
    • Venture Capital
    • Artificial Intelligence
    • Cybersecurity
    • Emerging Technologies
    • Gadgets & Devices
    • Industry Analysis
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy
Today Headline
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
Today Headline
No Result
View All Result
Home World News Middle East

US consumer prices rise slightly above expectations in December

January 15, 2025
in Middle East
Reading Time: 2 mins read
A A
0
US consumer prices rise slightly above expectations in December
3
SHARES
6
VIEWS
Share on FacebookShare on Twitter


U.S. consumer prices increased slightly more than expected in December amid higher costs for energy goods, pointing to still elevated inflation that aligns with the Federal Reserve’s projections for fewer interest rate cuts this year.

The consumer price index rose 0.4% last month after climbing 0.3% in November, the Labor Department’s Bureau of Labor Statistics said on Wednesday. In the 12 months through December, the CPI advanced 2.9% after increasing 2.7% in November.

Economists polled by Reuters had forecast the CPI gaining 0.3% and rising 2.9% year-on-year.

Progress bringing inflation back to the U.S. central bank’s 2% target hit snag in the second half of last year.

A resilient economy, the threat of broad tariffs on imported goods and mass deportations of undocumented immigrants — actions that are deemed inflationary — also have led the U.S. central bank to project a shallower rate-cut path this year.

President-elect Donald Trump’s incoming administration has also pledged tax cuts, which would juice up the economy.

Consumers’ inflation expectations soared in January, with households concerned that tariffs would raise goods prices.

Excluding the volatile food and energy components, the CPI increased 0.2% in December. The so-called core CPI had risen 0.3% for four straight months. In the 12 months through December, the so-called core CPI increased 3.2% after climbing 3.3% in November.

No rate cut is expected at the Fed’s Jan. 28-29 policy meeting. While economists see fewer rate cuts this year, they are divided on whether the central bank will reduce borrowing costs again before the second half of the year.

Goldman Sachs expects two rate cuts this year, in June and December, a number revised down from three. Bank of America Securities believes the Fed’s easing cycle is over.

The central bank launched its easing cycle in September and has lowered its benchmark overnight interest rate by 100 basis points to the current 4.50%-4.75% range.

The last reduction was in December when policymakers also projected two rate cuts this year instead of the four they had forecast in September. The policy rate was hiked by 5.25 percentage points between March 2022 and July 2023.

(Reporting by Lucia Mutikani; Editing by Chizu Nomiyama)

Tags: economyUnited States
Previous Post

Australian Open: Jack Draper battles into third-round todayheadline

Next Post

Japan, U.S. lunar landers go separate ways after being launched together from SpaceX rocket

Related Posts

Supreme Court window shattered amid mass protest, possible air gun used - Israel news

Supreme Court window shattered amid mass protest, possible air gun used – Israel news

June 7, 2025
3
IDF believes it found body of Hamas leader Muhammad Sinwar in tunnel under Gaza hospital

IDF believes it found body of Hamas leader Muhammad Sinwar in tunnel under Gaza hospital

June 7, 2025
4
Next Post
Japan, U.S. lunar landers go separate ways after being launched together from SpaceX rocket

Japan, U.S. lunar landers go separate ways after being launched together from SpaceX rocket

  • Trending
  • Comments
  • Latest
Family calls for change after B.C. nurse dies by suicide after attacks on the job

Family calls for change after B.C. nurse dies by suicide after attacks on the job

April 2, 2025
Pioneering 3D printing project shares successes

Product reduces TPH levels to non-hazardous status

November 27, 2024

Hospital Mergers Fail to Deliver Better Care or Lower Costs, Study Finds todayheadline

December 31, 2024

Police ID man who died after Corso Italia fight

December 23, 2024
Harris tells supporters 'never give up' and urges peaceful transfer of power

Harris tells supporters ‘never give up’ and urges peaceful transfer of power

0
Des Moines Man Accused Of Shooting Ex-Girlfriend's Mother

Des Moines Man Accused Of Shooting Ex-Girlfriend’s Mother

0

Trump ‘looks forward’ to White House meeting with Biden

0
Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

0
Seasonique birth control pills from Teva Canada recalled due to extra yellow tablets

Seasonique birth control pills from Teva Canada recalled due to extra yellow tablets

June 7, 2025
Supreme Court window shattered amid mass protest, possible air gun used - Israel news

Supreme Court window shattered amid mass protest, possible air gun used – Israel news

June 7, 2025
Trump says his relationship with Musk is over, slamming the door on the once-staunch ally who tried to de-escalate their feud

Trump says his relationship with Musk is over, slamming the door on the once-staunch ally who tried to de-escalate their feud todayheadline

June 7, 2025
Abyssinian kitten closing its eyes in contentment as its petted by its owner.

The Genetic Mystery of Why Cats Purr May Finally Be Solved : ScienceAlert todayheadline

June 7, 2025

Recent News

Seasonique birth control pills from Teva Canada recalled due to extra yellow tablets

Seasonique birth control pills from Teva Canada recalled due to extra yellow tablets

June 7, 2025
0
Supreme Court window shattered amid mass protest, possible air gun used - Israel news

Supreme Court window shattered amid mass protest, possible air gun used – Israel news

June 7, 2025
3
Trump says his relationship with Musk is over, slamming the door on the once-staunch ally who tried to de-escalate their feud

Trump says his relationship with Musk is over, slamming the door on the once-staunch ally who tried to de-escalate their feud todayheadline

June 7, 2025
4
Abyssinian kitten closing its eyes in contentment as its petted by its owner.

The Genetic Mystery of Why Cats Purr May Finally Be Solved : ScienceAlert todayheadline

June 7, 2025
5

TodayHeadline is a dynamic news website dedicated to delivering up-to-date and comprehensive news coverage from around the globe.

Follow Us

Browse by Category

  • Africa
  • Asia
  • Basketball
  • Business & Finance
  • Climate Change
  • Crime & Justice
  • Cybersecurity
  • Economic Policies
  • Elections
  • Entertainment
  • Entrepreneurship
  • Environmental Policies
  • Europe
  • Football
  • Gadgets & Devices
  • Health
  • Medical Research
  • Mental Health
  • Middle East
  • Motorsport
  • Olympics
  • Politics
  • Public Health
  • Relationships & Family
  • Science & Environment
  • Software & Apps
  • Space Exploration
  • Sports
  • Stock Market
  • Technology & Startups
  • Tennis
  • Travel
  • Uncategorized
  • Us & Canada
  • Wildlife & Conservation
  • World News

Recent News

Seasonique birth control pills from Teva Canada recalled due to extra yellow tablets

Seasonique birth control pills from Teva Canada recalled due to extra yellow tablets

June 7, 2025
Supreme Court window shattered amid mass protest, possible air gun used - Israel news

Supreme Court window shattered amid mass protest, possible air gun used – Israel news

June 7, 2025
  • Education
  • Lifestyle
  • Technology & Startups
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy

© 2024 Todayheadline.co

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business & Finance
  • Corporate News
  • Economic Policies
  • Entrepreneurship
  • Market Trends
  • Crime & Justice
  • Court Cases
  • Criminal Investigations
  • Cybercrime
  • Legal Reforms
  • Policing
  • Education
  • Higher Education
  • Online Learning
  • Entertainment
  • Awards & Festivals
  • Celebrity News
  • Movies
  • Music
  • Health
  • Fitness & Nutrition
  • Medical Breakthroughs
  • Mental Health
  • Pandemic Updates
  • Lifestyle
  • Fashion & Beauty
  • Food & Drink
  • Home & Living
  • Politics
  • Elections
  • Government Policies
  • International Relations
  • Legislative News
  • Political Parties
  • Africa
  • Asia
  • Europe
  • Middle East
  • Artificial Intelligence
  • Cybersecurity
  • Emerging Technologies
  • Gadgets & Devices
  • Industry Analysis
  • Basketball
  • Football
  • Motorsport
  • Olympics
  • Climate Change
  • Environmental Policies
  • Medical Research
  • Science & Environment
  • Space Exploration
  • Wildlife & Conservation
  • Sports
  • Tennis
  • Technology & Startups
  • Software & Apps
  • Startup Success Stories
  • Startups & Innovations
  • Tech Regulations
  • Venture Capital
  • Uncategorized
  • World News
  • Us & Canada
  • Public Health
  • Relationships & Family
  • Travel
  • Research & Innovation
  • Scholarships & Grants
  • School Reforms
  • Stock Market
  • TV & Streaming
  • Advertise with Us
  • Privacy & Policy
  • About us
  • Contact

© 2024 Todayheadline.co