US inflation rises in December; consumer spending accelerates
- Posted on January 31, 2025
- By Business News Today
- 1 Views
US inflation rises in December; consumer spending accelerates
U.S. prices rose in December while consumer spending surged, indicating that the Federal Reserve might delay cutting interest rates. Core inflation increased by 2.8% year-on-year, and consumer spending jumped by 0.7%, sustaining economic expansion and boosting growth outlook into the first quarter.
