US inflation picked up in December but underlying price pressures eased
By Christopher Rugaber WASHINGTON (AP) — U.S. inflation accelerated last month as prices for gas, eggs, and used cars rose, yet underlying price pressures also showed signs of easing, bolstering hopes that the Federal Reserve could still cut its key interest rate this year. The consumer price index rose 2.9% in December from a year ago, Wednesday’s report from the Labor Department showed…
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