UK Inflation Cools While US Sees Uptick as Economic Sentiments Shift
UK inflation drops to 2.5% in December, easing pressure on government; US inflation rises to 2.9%, complicating rate cut forecasts.
The rising inflation, particularly driven by surging energy and food prices, poses significant challenges for household budgets, signaling ongoing economic strain.
Energy and food prices drove inflation in December
Fox Business·4M·Mostly ReliableThis source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.Leans RightThis outlet slightly leans right.
The latest inflation report reveals a troubling trend for consumers grappling with rising prices, yet it simultaneously sparks cautious optimism as core inflation shows signs of slowing down, hinting that the Federal Reserve may still be positioned to act on interest rates.
Ticker: Inflation ticked up in December; FDA bans red dye No. 3 from food
Boston Herald·4M·Mostly ReliableThis source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.Leans RightThis outlet slightly leans right.
The recent rise in inflation, primarily driven by surging energy prices, signifies that consumers still face challenging economic conditions and may have to endure high interest rates for the foreseeable future.
Rising Energy Costs Push Inflation Up Again. Ways You Can Save This Winter
CNET·4M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.
Amid persistent inflation and a resilient job market, the prevailing sentiment on Wall Street suggests that short-term interest rates may have reached their lowest point for the foreseeable future, making significant cuts from the Federal Reserve increasingly unlikely.
Rate Cuts Stall, Economy Cruising as Trump Poised To Take Over
New York Sun·4M·Mixed ReliableThis source has a mixed track record—sometimes accurate but also prone to bias, sensationalism, or incomplete reporting.RightThis outlet favors right-wing views.
Rachel Reeves is poised to navigate a challenging economic landscape, as recent positive inflation figures breathe new life into the potential for a Bank of England rate cut, offering her a reprieve in the face of previous criticism.
Unexpected drop in inflation lifts pressure off Rachel Reeves
The Guardian·4M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.Leans LeftThis outlet slightly leans left.
The recent drop in borrowing costs for the UK government, fueled by easing inflation, signals a potential shift in economic sentiment, but the elevated yields still reflect underlying concerns about the nation's debt burden.
Borrowing costs fall and pound rises after inflation surprise
BBC News·4M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.
The latest surge in consumer prices underscores the unsettling reality that the Fed’s battle against inflation may be losing its effectiveness, leaving consumers to grapple with the persistent pressure of rising costs.
Biden's Parting Gift: Inflation Accelerated In December
Breitbart News·4M·Mixed ReliableThis source has a mixed track record—sometimes accurate but also prone to bias, sensationalism, or incomplete reporting.RightThis outlet favors right-wing views.
While the recent uptick in inflation may seem concerning, there is hope that it will continue to decline, provided that the incoming administration doesn't implement policies that could exacerbate the situation.
Here's the inflation breakdown for December 2024 — in one chart
CNBC·4M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.
While the latest CPI data may suggest some progress in easing inflation, the reality for consumers is a painful struggle with rising prices for essentials like energy and groceries that continue to strain household budgets.
Inflation could be cooling, but energy and food prices are still brutal
Axios·4M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.
Despite a slight decline in core inflation, the persistent rise in headline inflation suggests a complex economic landscape that could complicate the Federal Reserve's approach to interest rate adjustments.
US Inflation Rises for 3rd Straight Month, Driven by Higher Energy, Shelter Costs
Epoch Times·4M·Mixed ReliableThis source has a mixed track record—sometimes accurate but also prone to bias, sensationalism, or incomplete reporting.RightThis outlet favors right-wing views.
The recent rise in inflation, driven by escalating food and energy prices, signals a concerning trend as it marks a halt in the progression towards achieving the Federal Reserve's 2% target, highlighting the complexities of managing economic stability.
Inflation rises 2.9% in 2024 as consumer prices heat up heading into 2025
Straight Arrow News·4M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.
Despite the persistent rise in consumer prices, particularly driven by surging energy costs, the slight dip in core inflation provides a glimmer of hope for investors eagerly anticipating potential rate cuts from the Federal Reserve.
US inflation ticks up again — but Dow surges as key Fed gauge dips
New York Post·4M·Mostly ReliableThis source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.Leans RightThis outlet slightly leans right.
The latest inflation figures highlight the Federal Reserve's ongoing struggle with resilient price increases, even as there are glimpses of improvement in the underlying trends.
CPI edged higher in December, complicating the Fed's upcoming decision on rate cuts
CBS News·4M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.
The incoming administration under Trump is faced with a precarious economic landscape, where persistent inflation and higher borrowing costs could fundamentally challenge its policy objectives.
NBC News·4M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.
The recent rise in inflation poses new challenges for the Federal Reserve, compelling it to reconsider its approach to interest rates as unexpected economic strength complicates the outlook for 2025.
Inflation speeds up, ends 2024 at 2.9 percent
The Hill·4M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.
The recent spike in inflation raises concerns about the sustainability of previous economic progress, suggesting a complex landscape ahead where policy decisions will play a crucial role in shaping future price trends.
Inflation rose to 5-month high in December. What that means for Fed rate cuts.
USA TODAY·4M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.The recent uptick in inflation signals a more complex economic landscape for the Federal Reserve, which is likely to remain cautious before making any further adjustments to interest rates.
Inflation accelerated as expected in December
Business Insider·4M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.The slight increase in consumer prices reflects ongoing inflationary pressures that are complicating the Federal Reserve's plans for interest rate cuts this year.
Inflation Rises to 2.9%, Highest Since July
Newsmax·4M·Mixed ReliableThis source has a mixed track record—sometimes accurate but also prone to bias, sensationalism, or incomplete reporting.RightThis outlet favors right-wing views.
The unexpected drop in U.K. inflation offers a glimmer of hope for the Bank of England, potentially alleviating the pressures that have plagued bond markets in recent weeks.
UK inflation unexpectedly eases in December, which could reduce bond markets pressure
ABC News·4M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.The unexpected drop in inflation gives the Bank of England a potential reason to cut interest rates, which could provide much-needed relief to the government amid its economic challenges.
UK inflation unexpectedly eases in December, which could reduce pressure in bond markets
Associated Press·4M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.
Summary
In December, UK inflation dipped to 2.5%, helping reduce government borrowing costs and raising expectations for potential Bank of England rate cuts. Meanwhile, US inflation rose to 2.9%, driven by energy prices. Core inflation in the US held at 3.2%. Concerns over US tariffs under President-elect Trump add uncertainty. Analysts suggest the reduced UK inflation offers the Bank of England more leeway for interest rate adjustments, as UK bond yields fell significantly, providing some relief amid broader global market volatility. The economic outlook remains cautious as rising energy prices could impact future inflation.
Perspectives
No center-leaning sources available for this story.
History
- 4M
- 4M
- 4M