Abstract: Inflation has been slowing swiftly, and fresh data showed that a core price gauge fell below 3 percent for the first time in years last month.
Lead Paragraph:
A measure of inflation closely watched by the Federal Reserve continued to cool in December, the latest sign that price increases are coming back under control even as growth remains solid and the labor market healthy. In particularly positive news, a key gauge of price increases dipped below 3 percent for the first time since early 2021.
Source: The New York Times
Category: Business
Sub Category:
2024-01-26T13:41:46+0000
By Jeanna Smialek