As inflation gauge falls 0.1% for the month, is it time for the Fed to declare victory on inflation? Not yet
December's monthly decline in the consumer price index gets the Federal Reserve a step closer to beating inflation, though they're highly unlikely to signal an easing of policy anytime soon. The key inflation gauge fell 0.1% for the month, in line with market expectations and the biggest drop since April 2020. Though the CPI for all items is still 6.5% ahead of where it was a year ago, the arc has been steadily lower — from its peak around a 9% annual rate in June 2022 to a steadily declining rate amid a sharp drop in gas prices and some serious [...]