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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Coverage Details
Total News Sources0
Leaning Left16Leaning Right22Center32Last UpdatedBias Distribution46% Center
Bias Distribution
- 46% of the sources are Center
46% Center
L 23%
C 46%
R 31%
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