JULIE HYMAN: Yeah, looking through some of the commentary that we got today in reaction to this, my sort of takeaway from that commentary was this is that, yes, this CPI showed this little re-acceleration. If you look under the hood of that report, it looks like the pickup in shelter costs, higher vehicle prices, and more expensive travel, that economists saying is what kept core inflation from even cooling more. Now, core CPI, so excluding those volatile food and energy prices, that did cool to 3.9% from a year ago though the market was hoping for a sharper cooling to about 3.8%. ![]() Rose 0.3%, that was a tad disappointing relative to consensus. So here's the details, the numbers you need to know. ![]() So let's dig into that December CPI print here, Julie. JOSH LIPTON: Federal Reserve Bank of Cleveland President Loretta Mester said today's hotter than expected December CPI report is the latest indicator that more work is needed before the Fed can look to lowering rates in an interview with Bloomberg, adding that March is likely too early for the Fed to start cutting rates. ![]() Editor's note: This article was written by Luke Carberry Mogan.
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