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US inflation was higher in December, with core PCE rising 0.4% month-over-month and 3% year-over-year. The Federal Reserve's preferred inflation gauge suggesting that reining in higher prices is proving to be more difficult than anticipated for the FOMC. Policymakers at their January meeting said they'd like clearer evidence that inflation is returning to their 2% goal, but Friday's December data suggests they will have to maintain a "wait-and-see" approach. Olu Sonola, Head of US Economic Research at Fitch Ratings, joins Bloomberg Businessweek Daily to discuss. He also weighs in on GDP and the potential economic impact of President Trump's tariffs being struck down by the Supreme Court. Sonola speaks with Carol Massar and Emily Graffeo. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X: / bloombergradio Subscribe to our Podcasts: Bloomberg Daybreak: http://bit.ly/3DWYoAN Bloomberg Surveillance: http://bit.ly/3OPtReI Bloomberg Intelligence: http://bit.ly/3YrBfOi Balance of Power: http://bit.ly/3OO8eLC Bloomberg Businessweek: http://bit.ly/3IPl60i Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: https://apple.co/486mghI Android Auto: https://bit.ly/49benZy Visit our YouTube channels: Bloomberg Podcasts: / bloombergpodcasts Bloomberg Television: / @markets Bloomberg Originals: / bloomberg Quicktake: / @bloombergquicktake