The core PCE price index was expected to increase 3% from a year ago in December. GDP was projected to rise at a 2.5% pace in Q4.

Core PCE prices accelerated to a 3% annual increase in December, hitting their highest level since February in a clear sign that inflation is staying stubbornly above the Fed's target of a 2% annual rate.

The January CPI came in at 2.4% but real-time data and a structural lag in shelter costs suggest headline inflation has further to fall.

The great inflation shock of the 2020s, which helped bring President Donald Trump back to power, is in the rearview mirror now. But the hangover is all around.

Discover the inflation risks of fiat and commodity money, their core differences, and the implications for financial stability.

Risks to ⁠euro ⁠zone inflation are "significant" in either ⁠direction, a top European Central Bank policymaker warned on Saturday, ​adding that the impact on prices of cheap Chinese imports warranted close attention.

With “supercore” inflation, excluding fresh food and energy, still strong at 2.6 per cent, we think the Bank of Japan remains on course to deliver its next rate increase in April.

The 1.5% figure ended a run of 45 straight months that the inflation rate has been above the Bank of Japan's 2% target.