Key Fed measure shows core inflation at 2.8%, in line with expectations
- Core inflation rose to 2.8% in December, remaining steady compared to previous months, according to the Commerce Department.
- Consumer prices increased by 2.6% year-over-year in December, up from 2.4% in November, marking the third consecutive rise.
- Consumer spending showed a healthy increase of 0.7% in December, supported by steady wage gains, as reported by the Commerce Department.
- President Trump threatened to impose import taxes on goods from Canada and Mexico, which could lead to higher prices, impacting inflation.
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Coverage Details
Total News Sources0
Leaning Left9Leaning Right15Center21Last UpdatedBias Distribution47% Center
Bias Distribution
- 47% of the sources are Center
47% Center
L 20%
C 47%
R 33%
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