Inflation Remains Sticky, Fed Pauses Rates
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December PCE inflation dataYahoo Finance
•Business
Business & Economics
New inflation reading reinforces Fed's go-slow strategy

79% Informative
The Federal Reserve's preferred inflation gauge showed prices remained sticky in the final month of 2024 .
The "core" PCE index, which strips out food and energy costs, rose 2.8% over the prior year during the month of December .
The new sign that inflation isn't making dramatic movements up or down comes after the Fed this week decided to keep rates on hold.
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