CPI
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December CPI results (earlier today) were reassuring. Headline inflation rose +0.3% month on month, exactly as expected, while the annual rate held at 2.7%, signalling stability.
Core CPI increased only +0.2% month on month, below consensus, and stayed at 2.6% year on year. These numbers point to easing underlying pressures without stalling activity.
The Feds target is 2.0%