Eco Week Ahead
Easing US Core Inflation Seen Reinforcing Fed Optimism
- BOE’s Bailey testifies, ECB speakers include Guindos, Schnabel
- Poland, South Korea set to hold rates, Peru predicted to cut
Shoppers carry bags in Walnut Creek, California in December.
Photographer: David Paul Morris/BloombergUnderlying US price pressures probably continued to recede as 2023 drew to a close, backing up optimism at the Federal Reserve about the path for inflation.
The consumer price index excluding food and fuel, a measure favored by economists as a better indicator of underlying inflation, is seen increasing 3.8% in December from a year earlier.