Just to be clear, biden is leaving us with inflation of 2.9% with the Feds stated goal of 2%. There was ample opportunity to bring inflation down, but spending remained too high and is now inflation is back on the rise.
10 year trading around 4.7%
This morning's CPI (Consumer Price Index) report for December 2024 was released at 8:30 AM ET on January 15, 2025. The report showed:
- Headline CPI: An increase of 0.3% month-over-month (M/M) and 2.9% year-over-year (Y/Y).
- Core CPI (excluding food and energy): An increase of 0.2% M/M and remained steady at 3.3% Y/Y.
These figures are based on the expectations and forecasts discussed in recent updates from various financial news sources.
https://www.morningstar.com/economy/december-cpi-forecasts-predict-stalled-progress-inflation
https://www.forbes.com/sites/simonm...to-expect-from-januarys-cpi-inflation-report/