Posted 1/6/2024, 9:00:00 PM
US Inflation Pressures Continue Slowing, Supporting Fed's More Upbeat Stance
- Underlying US price pressures likely continued receding as 2023 ended, backing Fed optimism on inflation path
- Consumer price index excluding food and fuel seen rising 3.8% in December vs 2021, smallest increase since May 2021
- Latest Fed meeting showed officials acknowledge interest rates have likely peaked, willingness to cut rates this year
- CPI report on Thursday followed by producer price index on Friday; both seen cooling on an annual basis
- US central bankers speaking next week include New York Fed's Williams and Atlanta Fed's Bostic