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U.S. inflation data came in below expectations, offering reassuring signals about the outlook for the American economy. The latest figures showed a notable degree of price stability and brought inflation closer to the Federal Reserve’s target.
The U.S. Consumer Price Index (CPI) rose 0.3% in December, matching both the previous reading in November and market expectations.
On an annual basis, the CPI increased 2.7% in December, unchanged from the reading recorded in the same month last year and fully in line with forecasts.
The core CPI, which excludes food and energy prices, rose 0.2% in December, matching November’s reading but coming in slightly below expectations of a 0.3% increase.
Annually, core CPI rose 2.6%, also unchanged from the previous year’s reading, but below market expectations of 2.7%.
These figures generated a sense of relief among investors in equity markets and risk assets more broadly, as they strengthen the case for further interest‑rate cuts.
