Inflation in December, as measured by the consumer price index (CPI), moderated at both the overall and core levels (excluding food and energy). That news favors a Fed interest-rate cut on Jan. 30.
December's overall CPI: 0.3 percent
December's core CPI: 0.2 percent
2007 overall CPI: 4.1 percent
2007 core CPI: 2.4 percent
