By Howard Schneider

WASHINGTON, Dec 12 (Reuters) – Even if overall inflation slows next year as the U.S. Federal Reserve anticipates, President Donald Trump will still face political headwinds over the cost of living with home mortgage rates expected to remain comparatively high, tariff-related price increases on goods seen persisting through the first part of the year, and cost pressures building around items like beef and electricity that can have an outsized influence on consumer perceptions.

Fed economic projections issued on Wednesday held good news for the administration, with policymakers ‍expecting inflation to cool over the coming year, while economic growth accelerates.

Across the broad array of services that account for most economic activity, “disinflation appears to be cont

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