Policymakers hope to bring down inflation by reducing job openings
Output should grow 2.9%, global inflation should fall to 6.6%
Most economists expect a continued slowdown in Q1
On a monthly basis, prices rose 0.1% in the U.S.
The result was unexpectedly strong amid inflation and rising interest rates
The monthly increase in consumer prices is the smallest since November 2021
Some U.S. central bank officials encouraged by falling commodity prices, unclogging supply chain
The prospect of slower interest rate hikes sent U.S. markets soaring
Jerome Powell has expressed hope that inflationary pressure can be relieved by employers cutting job openings, not jobs
Stronger exports and consumer spending helped restore GDP