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(Reuters) - Even as U.S. inflation has eased in the last year, an unusual culprit has emerged in recent months as a surprise force in preventing ...

Auto Insurance: Consumer prices in December overall rose 3.4% from a year earlier, the Labor Department said on Thursday in the release of the monthly Consumer Price Index, more than the 3.2% economists polled by Reuters had expected and up from 3.1% in November.

Consumer prices in December overall rose 3.4% from a year earlier, the Labor Department said on Thursday in the release of the monthly Consumer Price Index, more than the 3.2% economists polled by Reuters had expected and up from 3.1% in November. Several familiar categories accounted for much of the overshoot, with stubbornly high shelter costs in particular accounting for close to two-thirds of the increase. "The behavior of the MVI (motor vehicle insurance) component of the CPI has truly been remarkable, and I don’t see any evidence of near-term relief," Tom Simons, U.S. ...

Even as U.S. inflation has eased in the last year, an unusual culprit has emerged in recent months as a surprise force in preventing consumer prices from falling even further: auto insurance. ... -January 11, 2024 at 05:20 pm EST - MarketScreener

U.S. interest rate futures on Wednesday increased the chances of rate cuts by the Federal Reserve starting next March, with a 77%probability after the U.S. central bank's new rate projections signaled the end of its tightening campaign. Before the release of the U.S. central bank's latest policy statement and economic projections, the probability of easing in March was around 40%. Rate futures also priced in more than 100 basis points in cuts next year, according to LSEG's FedWatch.