![Inflation Ticked Back Up in December](https://www.sofi.hk/app/uploads/2024/01/Featured-image-6.jpg)
Higher Inflation Consumer price inflation unexpectedly accelerated in December, rising 0.3% on the month, and 3.4% year-over-year, the Bureau of Labor Statistics reported Thursday. Is this throwing a wrench into market hopes for swift interest rate cuts by the Federal Reserve this year? Core inflation, which strips out food and energy prices, also rose 0.3%….Read more