Customers buy food at the store 15. January 2025 in Chicago, Illinois.
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The inflation closed in 2024, because the price of the price on which the Federal Reserve focuses on the goal significantly above the goal of the central bank.
The cost of the cost of personal consumption costs increased by 2.6% compared to the year of the year, 0.2 percentage point higher than reading in November and in accordance with the estimation of DOW Jones.
With the exception of food and energy, Core PCE recorded 2.8% reading, also fulfilling expectations and the same as the previous month. Although Fed considers both readings, historically officials considered Core as a better measure of long -term inflation.
On a monthly basis, the title of the bee increased 0.3%, while the nucleus increased 0.2%, both in accordance with the forecasts.
Fed targets annual inflation at 2%, which is the level of prices of prices from February 2021.
The report comes two days after the central bank unanimously voted its key interest rate in the range between 4.25%-4.5%, resting after three consecutive reductions in the total value of the full percentage point.
In the remarks performed on Friday morning, Governor Fed Michelle Bowman said she expects inflation by 2025, but thinks the central bank should remain on hold until clear signs appear.
“You still have to do more work to get the inflation closer to our goal of 2 percent. I would like to see the progress in lowering the inflation resume before we do further adjustment to the target range,” Bowman said in objections to business leaders in Portsmouth, NH I expect that I the inflation will start to decline again and that it will be lower to the end than where it is now. “
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