Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.

Consumer Price Index showed an acceleration to 2.9%, the highest rate since July. With such high inflation, the Fed is unlikely to cut rates in January.

The December consumer-price index showed prices rose 2.9% in the past 12 months, matching forecasts, while core prices were up by a slower-than-feared 3.2%. With that in mind, here's how inflation has