U.S. inflation likely remained high in December. What that could mean for interest rates

The consumer price index is expected to rise 2.8% in December, indicating persistent inflation that keeps it above the Federal Reserve's 2% target.

The core inflation rate, excluding food and energy, is projected to hold steady at 3.3%, confirming ongoing inflationary pressures despite the Fed's rate cuts.

Rising prices for gas, eggs, and used cars signal that inflationary pressures may continue, influencing the Federal Reserve's decision-making regarding interest rates.

The jump in egg prices is attributed to the avian flu outbreak, illustrating how specific supply issues can lead to broader inflation concerns.

Read at Fast Company