US EditionUS Consumer Prices Likely Snapped Back After Being Restrained by Government Shutdown Distortions
Inflation rose 0.3% in December as price data collection normalized after a six-week government shutdown, with yearly consumer prices up 2.6%, economists estimate.
- Last month, the Labor Department is expected to report consumer prices rose 2.6% year‑over‑year in December, economists compiled by FactSet project.
- A six‑week government shutdown last fall suspended price‑data collection, forcing the agency to use placeholder October rents and concentrate many observations in late November, biasing earlier readings lower.
- Core inflation data show core prices are expected to rise 0.3% in December and reach about 2.7% year-over-year, up from 2.6% in November, economists said.
- Rising costs squeezed U.S. consumers' wallets, and with inflation above the 2% target, the Federal Reserve is likely to resist deeper cuts despite a quarter-point December reduction.
- Last Friday the Department of Justice served subpoenas on the Federal Reserve over Powell's June testimony, and Chair Jerome Powell on Sunday called the claims 'pretexts' and warned criminal charges could undermine Fed independence.
31 Articles
31 Articles
U.S. consumer prices increase as expected in December
U.S. consumer prices increased in December as the distortions related to the government shutdown that had artificially lowered inflation in November unwound, cementing expectations the Federal Reserve would leave interest rates unchanged this month.
US consumer prices likely snapped back after being restrained by government shutdown distortions
U.S. consumer prices likely accelerated in December as some of the distortions related to the government shutdown that had artificially lowered inflation in November unwound, which would cement expectations of the Federal Reserve leaving interest rates unchanged this month.
Shutdown distortions fade as U.S. consumer prices likely rebounded
Consumer prices in the U.S. are expected to rise in December. This acceleration follows distortions from a government shutdown that affected November's inflation data. Retailers offered holiday discounts, impacting price collection. Economists predict a pick-up in inflation, particularly for goods. The Federal Reserve is likely to keep interest rates steady this month.
U.S. Consumer Prices Surge Amid Government Shutdown Aftermath
Consumer prices in the U.S. rose in December, spurred by the resolution of data distortions from a previous government shutdown. Economists predict a 0.3% increase in CPI, influenced by higher food and energy costs. Anticipations of future inflation rise amid political tensions and ongoing trade tariffs.
Coverage Details
Bias Distribution
- 52% of the sources are Center
Factuality
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