US consumer prices rise less than expected in December
The numbers support Federal Reserve's plan to keep interest rates unchanged in 2020
Washington — US consumer prices rose slightly in December even as households paid more for healthcare, and monthly underlying inflation slowed, supporting the Federal Reserve’s desire to keep interest rates unchanged at least through this year.
The weak inflation report from the labor department on Tuesday came on the heels of data last week showing a moderation in job growth in December. Economists said these developments were flagging a slowdown in domestic demand. Though the economy appears to have maintained a steady pace of growth in the fourth quarter, it was probably supported by falling imports...
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