Pace of Inflation Held Steady
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Donald Trump, Fed and inflation
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Economists expect the December CPI inflation report to show price growth remained elevated and cautioned it may have a downward bias due to missing data from the government shutdown.
Prices rose 2.7% in December from a year ago, a sign that inflation continues rising but in line with the pace seen in recent months.
Inflation held steady in December, continuing to prove stubborn just days after reports of a Department of Justice probe into Federal Reserve Chair Jerome Powell.
Price hikes picked up speed for US-based businesses toward the end of last year, a potential signal that inflation has yet to peak and prices could soon rise faster for consumers.