Inflation cooled in December to 6.5%, but the Fed is likely to keep interest rates high
There are signs inflation has peaked, but Federal Reserve officials say interest rates will stay elevated until price growth meaningfully slows down.
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction: Inflation cooled in December to 6.5%, but the Fed is likely to keep interest rates high

### Response: There are signs inflation has peaked, but Federal Reserve officials say interest rates will stay elevated until price growth meaningfully slows down.