BREAKING: Inflation eases in December to 6.5%, but prices remain stubbornly high
SlateStone Wealth chief market strategist Kenny Polcari and former Dallas Fed adviser Danielle DiMartino Booth discuss if inflation is stabilizing faster than anticipated on 'Cavuto: Coast to Coast.', but consumer prices remain historically high.
The Labor Department said Thursday that the consumer price index, a broad measure of the price for everyday goods including gasoline, groceries and rents, fell 0.1% in December from the previous month. Prices climbed 6.5% on an annual basis. Those figures were both in line with forecasts by Refinitiv economists, a potentially reassuring sign for the
as it tries to tame runaway inflation with a series of aggressive interest rate hikes. It marked the slowest annual inflation rate since October 2021.
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