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Prices up 5% year over year, consumer spending down 0.2% from November

Businessmen are skeptical looking at stock market charts.

Sooner or later, someone has to blink

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However, interest rates must remain elevated "for some time," Brainard said

Federal Reserve System Fed of USA press conference concept. Microphones TV and radio channels with symbol and flag of US Federal Reserve. 3d illustration

Mester's comments are notable because she is among the more consistently hawkish members

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``We are not, and will not be, a 'climate policymaker,''' the Fed chair said at a conference

Federal Reserve building in Washington DC, USA

On a monthly basis, prices rose 0.1% in the U.S.

Federal Reserve building in Washington DC, USA

Central bank will either “break inflation” or “break the economy''

Federal Reserve System Fed of USA press conference concept. Microphones TV and radio channels with symbol and flag of US Federal Reserve. 3d illustration

The Fed is expected Wednesday to raise its benchmark short-term rate for a seventh time this year

Federal Reserve building in Washington DC, USA

The monthly increase in consumer prices is the smallest since November 2021

Federal Reserve building in Washington DC, USA

A smaller December hike shouldn't be taken as a sign the Fed will let up on its inflation fight anytime soon