Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.

US inflation continued to heat up at the end of 2024. The consumer price index rose by 2.9% year over year in December, above ...

We worry that the recent easing of financial conditions and energy prices could easily start to counter the restraint ... Today's CPI makes that a more comfortable hold." ...

"This strength comes despite a somewhat bearish inventory report from the EIA, as well as a stronger-than-expected CPI report, which likely pushes the Fed's first rate cut further back." ...