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WASHINGTON (AP) – The inflation scale that the federal reserve has increased closely in the past month a little, the latest sign that some consumer prices are still stubbornly, even with inflation by cooling in seizures and starting.
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A Friday report issued by the Ministry of Commerce showed that the prices of consumers increased by 2.6 % in December of the previous year, an increase of an annual pace by 2.4 % in November and the third increase in a row. With the exception of flying food and energy, prices increased by 2.8 % compared to last year, as in November and October.
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The numbers arrived just two days after the Federal Reserve officials, led by President Jerome Powell, decided to stop the cuts in interest rates partially because inflation was largely stuck by 2.5 %, higher than their 2 % goal, during the past six months.
However, most economists expect inflation to resume steadfastly in the coming months. When measured in the shortest time frames, inflation slows down: in December, basic prices increased by 0.2 % than the previous month, a pace consistent with the annual goal of the Federal Reserve. Economists pay close attention to the basic prices because they provide a better reading about the place of inflation.
Inflation in general increased 0.3 % in December of the previous month. Monthly increases at this level, if they continue, will exceed the goal of the Federal Reserve.
However, the basic trends indicate a decrease in inflation in the future. Prices for renting apartments and other housing costs are slowly moderate. The slow labor market may mean that wage growth has declined, which means that companies are under lower pressure to raise prices to compensate for high labor costs.
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“It seems that we have been prepared for further progress,” Powell said on Wednesday at a press conference, referring to inflation. “But it seems that” his being “has been prepared for him, it is another thing. So we will want to see more progress in inflation.”
Until then, Powell, the Federal Reserve is likely to keep its main rate at about 4.3 %, has suggested that a full percentage of its peak for two decades of last year decrease three decreases before the end of 2024. The Federal Reserve expects high borrowing costs on spending and lower inflation more.
Meanwhile, consumers have made a strong growth in the last three months of last year, when the economy expanded by a strong annual rate of 2.3 %. The growth was stronger in the quarter from September to September, by 3.1 %, but the fourth quarter was expanded by a sharp decrease in business stocks, which should be reflected in the coming quarters.
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