US inflation beats expectations, causing US Dollar and rates to pull back.

From Investing.com: 2025-01-15 11:05:00

Inflation increased by 0.4% in December, driven by a 2.6% rise in energy prices. The Consumer Price Index (CPI) is up 2.9% over the past 12 months, marking the 3rd consecutive annualized increase. Core inflation, excluding food and energy, rose 0.2% in December and is up 3.2% from last year, the slowest in 3.5 years. Most consumer categories saw higher prices, with transportation, shelter, and services leading the way. The market and rates are down in response to the data, easing financial conditions for equities. Inflation remains a concern, with headline and core rates above the Fed’s target.



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