Inflation likely accelerated in December, putting pressure on the Federal Reserve to keep interest rates relatively high.
by Diccon Hyatt
Investopedia
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The Federal Reserve’s preferred measure of inflation likely accelerated in December, keeping the possibility of lower interest rates off the table for the time being.
A Bureau of Economic Analysis report due Wednesday is expected to show consumer prices rose 2.6% over the past year in December, as measured by Personal Consumption Expenditures, according to a survey of forecasters by Dow Jones Newswires and The Wall Street Journal. That would be the third increase in as many months, up from 2.4% in November to the fastest annual pace since May.