Will US consumer price growth have cooled again in December?
Investors and economists are betting that the Federal Reserve’s aggressive monetary campaign will have slowed consumer price growth once again in December.
The Bureau of Labor Statistics on Thursday will release its consumer price index data for the month before, with market participants surveyed by Refinitiv expecting prices to have risen 6.6 per cent year-on-year in December, down from an increase of 7.1 per cent in November. That would mark the slowest pace since October 2021. Month over month, consumer prices are expected to have remained flat, compared with an increase of 0.1 per cent in November.
The drop is expected to have been driven in part by a fall in energy prices, which included gasoline that was 13 per cent lower in December, said Jon Hill, a strategist at Barclays.
Core CPI, which strips out the…
