The Federal Reserve's preferred inflation gauge showed prices rose as expected in December, and it remains above the central bank's target level amid its ongoing efforts to wrestle down inflation.

US inflation increased by the most in eight months in December amid a surge in consumer spending, suggesting the Federal Reserve would probably be in no hurry to resume cutting interest rates soon.

Inflation data and Trump’s tariff stance could shift market dynamics this week. Key resistance around 1.0460 will be... Week Ahead: US NFP, FOMC Minutes, Services PMI, Inflation from China ...

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