US: Inflation Continues to Ease in December, Auguring for a Slower Pace of Rate Hikes 

The Consumer Price Index fell 0.1% month-on-month (m/m) in December, slightly below expectations calling for a flat reading. On a year-on-year (y/y) basis, headline inflation fell to 6.5% (down from 7.1% the month prior). Energy prices declined by 4.5% m/m, entirely due to a sharp drop in gasoline (-9.4%% m/m) prices. Energy services (+1.5% m/m) […]

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