Inflation ticks up on both monthly, annual basis, signaling bumpy ride ahead in supposed soft landing for the economy

Higher rents and food prices boosted overall U.S. inflation in December, a sign that the Federal Reserve’s drive to slow inflation to its 2% target will likely remain a bumpy one. Thursday’s report from the Labor Department showed that overall prices rose 0.3% from November and 3.4% from 12 months…

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