J.P. Morgan: Cooling inflation sets Fed interest-rate cut bet

Finally, some good news about affordability for Main Street and Wall Street. Underlying inflation rose in December by less than expected, with the core Consumer Price Index increasing 0.2% from November, the Bureau of Labor Statistics reported Jan. 13. The annual core CPI rose 2.6%, matching a four-year low. Core goods prices stagnated last month, defying expectations for a rebound as post-shutdown data trickles in. Economists expect inflation to ease gradually over the course of 2026: Companies typ ...