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US Inflation Rises Again, Hitting 2.9% in December

  • Inflation in December was reported at 2.9%, marking its highest level since summer, according to data released by the Bureau of Labor Statistics.
  • Core inflation, excluding food and energy, was 3.2% in December, which was better than the estimated 3.3%.
  • The increase in inflation may pressure the Federal Reserve to slow its interest rate cuts in 2025.
  • Central bank officials are concerned about a possible resurgence in inflation due to policies from the incoming Trump administration.
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  • 46% of the sources are Center
46% Center
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