Most important inflation figure in years shows prices still rising - here's why it has already affected your 401(K)

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Most important inflation figure in years shows prices still rising - here's why it has already affected your 401(K)

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Consumer prices were up 2.9 percent from a year earlier in December, up slightly from the month prior. The inflation data released Wednesday by the Bureau of Labor Statistics has been seen by some as the most important in years, as it could provide an indication as to the path the Federal Reserve may take in 2025. This, in turn, will affect Americans' credit card rates, car loans, 401(K) retirement accounts and mortgages.
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