US inflation: Consumer prices steady in December but essentials like food, housing still rising; Donald Trump hails low numbers

US consumer inflation held steady in December, with core prices rising 0.2%, suggesting a peak in price pressures. While falling gas and used car prices offered relief, persistent increases in food and housing costs continue to strain households. The Federal Reserve remains cautious on further rate cuts despite easing inflation fears.

US inflation: Consumer prices steady in December but essentials like food, housing still rising; Donald Trump hails low numbers
US consumer inflation held steady in December, with core prices rising 0.2%, suggesting a peak in price pressures. While falling gas and used car prices offered relief, persistent increases in food and housing costs continue to strain households. The Federal Reserve remains cautious on further rate cuts despite easing inflation fears.