December's inflation data provided just enough evidence to show that the pace of price increases is continuing to cool while also serving up a reminder that the war isn't won yet.
One is that regardless of the headline numbers, the parts of inflation that don't fluctuate as much have been fairly stubborn.
So-called sticky inflation, which includes things such as housing costs, auto insurance, medical care services and household furnishings, are indeed holding higher.
On a one-month annualized basis, the measure also was at 4.6%, but that's up a full percentage point from the previous month.
Fed policymakers also are attuned to the relationship between wages and inflation.
Persons:
isn't, Disinflation, Jamie Dimon, cautioning, Krishna Guha, Goldman Sachs, Goldman, Ian Shepherdson, Dan North
Organizations:
Separate Labor Department, Federal Reserve, Nomura Global Economics, JPMorgan Chase, Evercore ISI, PPI, Citigroup, Commerce, Fed, Pantheon, Atlanta, Allianz Trade
Locations:
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