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Trending News:China is putting security measures in place to try to reassure the country on the brinkTraders fear that Trump’s diplomacy will put cross-border deals on iceWhy Wolfspeed Stock Is Soaring TodayJSK vs PC, SA20 2025: Match Prediction, Dream11 Team, Fantasy Cricket Tips and Pitch Report | Joburg Super Kings vs Pretoria CapitalsIn the AI copyright case, Zuckerberg turned to YouTube for his defenseMom Kia Brooks posts pro bono bid for $1.5 million Flau’jae Johnson custom diamond earringsLizzie Peake: Biden keeps putting lipstick on his presidential pig. You won’t believe the resultsIn his farewell speech, Joe Biden told Americans to ‘beware’ of the oligarchyBiden warns of the formation of an oligarchy in the US that threatens democracy By ReutersAustralia’s unemployment rate rises to 4% in DecemberTeofimo vs. Garcia in May? “Let the game begin!”The Nokia Design Archive contains 20 years of previously unseen images, sketches and strategiesNewcastle 3 – 0 WolvesThousands across Gaza celebrate ceasefire announcement | Gaza News1/15: CBS Evening News – CBS NewsThe first congestion pricing scheme in the US brought a drastic reduction in traffic in NYWall Street traders hold their breath ahead of CPI: Markets get mixed upBCCI considers restoring Virat Kohli’s captaincy policy to revive Indian team in troubled timesToday’s NYT Mini Crossword Answers for Jan. 16Powerful Webb telescope snaps picture of one of the earliest supernovae everThursday Briefing – The New York TimesPriority Announces Pricing of Second Common Stock Offering Via Investing.comThursday’s Economic Calendar | Looking for AlphaRavichandran Ashwin confirms Australia’s winner in Test series against IndiaTired of Florida Cold, Manatees Post Up Power Plant DischargeBrad Pitt, the French woman tricked by artificial intelligence, faces ridicule onlineHe impeached South Korean President Yoon to avoid further scrutiny over a proposal to impose martial lawROSEN, A LEADING LAW FIRM, Urges Five9, Inc. Investors to Secure Advice Before Important Securities Class Action DeadlineThe German economy contracted for the second consecutive year in 2024Leicester City 0 – 2 Crystal PalaceMany teens report using ChatGPT for schoolwork, despite technology flawsCan Russia and Iran challenge the Western-dominated global order? |TV showsLos Angeles ‘Red Flag’ wildfire warnings end, but dangers remain By ReutersMacy’s wants Bloomingdales and Bluemercury to stayRohit Sharma ignores BCCI’s Ranji Trophy order? MCA official talks about uncertainty over captain’s availabilityThe Acura RSX calls dibs on Honda’s proprietary Asimo OSMan shot five times as girlfriend acted as ‘human shield’ during carjacking in WashingtonNegotiators reached an agreement on a ceasefire and hostages for GazaBOJ to raise rates by end of March, most analysts expect January hike – Reuters poll By Reuters‘Applied for over 1,000 jobs…’: Harvard and Stanford MBAs face shocking unemploymentWasteful Leicester City ruined by clinical palaceEverything you need to know about Niki Prasad – Captain of the Indian team in the 2025 U19 Women’s T20 World CupBest Internet Provider in Corona, CaliforniaGaza’s long-overdue ceasefire may stop killings but won’t end conflictIsrael and Hamas have reached an agreement on a ceasefire, according to which the fighting will end and the hostages will be releasedThe US is weighing options to keep TikTok operating as the ban nears, reports NBC By ReutersWe have to temper expectationsHaney and Garcia will rematch in October, with the trilogy set to take place in 2026, both in Saudi ArabiaFire and Ashes, Promises to ‘Get Your Blood Rising’Israel’s war on Gaza: 15 months, 15 pictures | Gaza NewsBiden and Trump are defying their history of animosity to broker a cease-fire in Gazai-80 Gold Completes Conditions to Amend and Amend Convertible Credit Agreement with Orion By Investing.comFDA seeks to curb nicotine levels in cigarettes, other products with new ruleBlackburn 3 – 0 PortsmouthMXI vs YXI Dream11 Today’s Prediction Match 29 Pondicherry T10 2025The Madcap Rise of the Memecoin Factory Pump.Fun‘Lying to the country’: Trump rails against Biden for taking credit for ceasefire dealThe father of an Israeli-American hostage expected to be released has reacted to the ceasefire dealBank of Korea unexpectedly holds policy rate amid winning slide By Reuters‘9 years, ₹35,000 salary’: Bengaluru techie compares stint at top IT firm to ‘unchained slavery’“What’s their mentality there?”Jasprit Bumrah responds to claims of ‘advised to stay at home on bed rest’ for Champions TrophyWhy global stars are flocking to India nowNegotiators reached an agreement on a ceasefire and hostages for GazaJoe Biden said that the ‘oligarchy’ that has emerged in the US in the last speech at the White HouseThe best Warren Buffett stocks to buy with $1,000 right nowLiverpool’s best ever January 5 signingRangers 3 – 0 AberdeenAI Threat Modeling: Securing Identities with Zero Trust in 2025Vague wording of Israel-Hamas ceasefire text could be problematic: analyst on Israeli-Palestinian conflictSelected French Films: A Gender-Adjusted Retelling of ‘The Three Musketeers’Australia’s December jobs beat previous forecasts, near-term rate cut seen possible By ReutersIncyte, Syndax Gets FDA Clearance for Niktimvo 9mg and 22mg VialsDV vs MIE, ILT20 2025: Match Prediction, Dream11 Team, Fantasy Cricket Tips & Pitch Report | Desert Vipers vs MI Emirates Team Historical ScoreLG Display’s new OLEDs are brighter and more power efficientOhio State player, TikTok star fired ahead of national championship game against Notre DameBreaking down Trump’s involvement in ceasefire talksIsrael, Hamas ceasefire agreement followed by airstrikes in Gaza, residents say ReutersConservatives score another win after BlackRock kills membership of ‘Net Zero’ climate pledgeHow Arsenal’s next five Premier League fixtures compare to Liverpool’sEverton boss David Moyes must find solution to Iliman Ndiaye conundrum – Premier League make-or-break football newsFrom snowy city to Mexican borderBritish man released from prison due to mistaken identification on videomineralys therapeutics CFO Adam Levy sold $97,863 worth of stock By Investing.comShark Tank update: ‘Sharks have a backbone’, social media users say as Gaurav Taneja’s BeastLife loses dealBluesky Gets Its Own Instagram Alternative Called FlashesWhat is included in the first phase of the ceasefire agreement between Israel and Hamas?Economic consequences of the war in GazaAzul, Gol inch closer to potential tie-up to form major Brazil airline By ReutersCan these artificial intelligence (AI) stocks maintain their meteoric growth trajectory?Two goals in four minutes earn Arsenal crucial derby winAI Agents Are Here. How Big Should We Make Them?World reacts to Israel-Hamas ceasefire, leaders express relief, optimismBiden celebrates ceasefire deal in farewell speechUS issues new round of sanctions against Russia ahead of Trump’s return to the White House By ReutersTrump’s DoE Pick Pledges to ‘Unleash’ LNG and Nuclear Power by Cutting Red Tape (NYSE: LBRT)Everything you need to know about Abi Norgrove: England captain at ICC U19 Women’s T20 World Cup 2025Chinese AI company MiniMax has released new models that it claims compete with the best in the industryWhy Somalilanders are fascinated by Donald TrumpWhat you need to know about the ceasefire in Gaza
new data from the Bureau of Labor Statistics on Wednesday showed a key inflation metric fell for the first time since July.
On a “core” basis, which strips out the more volatile costs of food and gas, December’s consumer price index (CPI) rose 0.2% from the previous month, a slowdown from the monthly gain of 0.3% in November. In year-on-year terms, prices rose by 3.2%.
Before the December print, the core CPI had stood at an annual gain of 3.3% over the past four months. It was the first time since July that the year-on-year core CPI saw a slowdown in price growth.
The print is the latest economic data the Federal Reserve will consider before its next interest rate decision later this month. Shares rallied following the report, with the 10-year Treasury yield (^TNX) falling 12 basis points to trade below 4.7%.
“Markets reacted positively this morning for good reason: The Federal Reserve is willing to see headline CPI rise temporarily if that increase is not spilled over to core CPI, and that’s what happened in the December,” Raymond James chief economist Eugenio said. Aleman wrote in a note Wednesday.
Overall consumer prices rose as expected last month. The CPI rose 2.9% from a year earlier in December, a rebound of the annual price gain of 2.7% in November. The annual increase matched economists’ expectations.
The index rose 0.4% from the previous month, ahead of November’s 0.3% increase and also in line with economists’ estimates.
Seasonal factors such as higher fuel costs and continued stiffness in food inflation kept overall figures high.
U.S. Federal Reserve Chairman Jerome Powell gestures as he speaks at a news conference after the Monetary Policy Committee meeting in Washington, DC on December 18, 2024. (ANDREW CABALLERO-REYNOLDS / AFP via Getty Images) ·ANDREW CABALLERO-REYNOLDS via Getty Images
Core inflation has remained stubbornly high due to higher housing costs and services such as insurance and medical care. Used car prices also saw another strong increase for the third consecutive month, up 1.2% in December after a 2% monthly increase in November.
“Inflation has not been consistent,” Claudia Sahm, chief economist at New Century Advisors and a former Federal Reserve economist, told Yahoo Finance’s Morning Brief program. “It’s been pretty uneven, but it’s good to see some progress in the right direction. And I think that’s the big piece of it. We’ve been very much on the ‘wait and see’ front on the inflation front. And that’s very very much where the Fed is aligned.”
“It’s a bit of a respite to get some bad news this morning,” he continued. “But it’s not really a game changer. It’s a lot more than we’ve seen with month-to-month volatility mixed in.”
Highlights from the inflation print included the shelter index, which rose 4.6% on an unadjusted annual basis, slightly lower than November’s 4.7% rise and smallest 12-month increase since January 2022. The index rose 0.3% from the previous month, the same as November.
Sticky shelter inflation It has been largely blamed for higher core inflation readings in recent months, according to economists.
The rent index and owner-equivalent rent (OER) each rose 0.3% from November to December, a slight acceleration from the previous month’s 0.2% increase for both categories. Landlord equivalent rent is the hypothetical rent a landlord would pay for the same property.
The index for accommodation away from home fell 1% in December after rising 3.2% in November.
Meanwhile, the energy index rose 2.6% month-on-month after rising just 0.2% in November. Year-on-year, the energy index fell 0.5% after a 3.2% decline the previous month.
Within energy, gas prices rose 4.4% in December after a modest 0.6% rise the previous month.
Gas prices rose 4.4% in December after a modest increase of 0.6% the previous month (Courtesy: REUTERS/Kevin Lamarque) ·REUTERS / Reuters
The food index rose 2.5% in December over last year, and food prices rose 0.3% month-on-month, proving to be a sticky category for the inflation Indices for eating at home and eating out rose 0.3% in December.
Notably, on an annual basis, groceries have risen the most since October 2023. Egg prices continued to stand out, rising another 3.2% month-on-month after rising 8.2% in November. The price of eggs has increased by 37% in the last year.
Other indexes with notable increases over the past year include motor vehicle insurance (+11.3%), medical assistance (+2.8%), education (+4%) and recreation (+1.1%).
Traders fear that Trump’s diplomacy will put cross-border deals on ice
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