Inflation held steady in December, remaining well above the Fed's 2% target

Core Insights - Inflation rose steadily in December, remaining above the Federal Reserve's target rate, as policymakers consider interest rate cuts amid economic uncertainty [1] - The consumer price index (CPI) increased by 0.3% month-over-month in December and held steady at 2.7% year-over-year [1] - Core prices, excluding volatile items like gasoline and food, rose by 0.2% from the previous month and 2.6% from a year ago, slightly below economists' expectations [2]