US inflation has cooled substantially this year, but has been moving sideways in recent months, prompting the Federal Reserve to take a more cautious approach to rate cuts in the coming year.
Mandatory Credit: David Dee Delgado/Getty Images via CNN Newsource
Stories this photo appears in:
The Fed’s go-to inflation gauge ticked up less than expected last month
The Federal Reserve’s preferred inflation gauge moved slightly higher in November — but not as much as economists were expecting, an indication that price hikes aren’t accelerating in a worrisome fashion.
