-
US inflation expected to have risen slightly in December
Policymakers will pay close attention to the release of price data on Thursday as the Federal Reserve weighs dialing back its inflation fight with a series of interest rate cuts. The Fed expects to slash rates later this year, which would ease borrowing payments for everything from credit cards to mortgages. The central bank's ultimate approach, however, will depend on the course of inflation, Fed Chair Jerome Powell said last month. The latest data will offer a glimpse at what that path could be. Economists expect prices to have risen 3.2% in December compared to a year ago. That figure would stand more than a ... (full story)