CPI edged higher in December, complicating the Fed's upcoming decision on rate cuts
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
Latest CPI Inflation Report Makes January Fed Rate Cut Very Unlikely
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.
Inflation rose to 5-month high in December. What that means for Fed rate cuts.
Annual inflation ticked up for a third straight month in December as food, energy costs rose, CPI report showed. But underlying price measure eased.
US Inflation Likely Remained Sticky-High Last Month, Threatening Interest Rate Cuts
U.S. inflation likely worsened last month on the back of higher prices for gas, eggs, and used cars, a trend that could make it less likely that the Federal Reserve will cut its key interest rate much
What the new inflation report means for mortgage rates
A fter several months of hopeful signs in the battle against inflation, new data confirms that the fight is far from over. Inflation rose 2.9% on an annual basis in December, whic
Cooler core inflation revives bets on Fed rate cuts
Federal Reserve policymakers may be able to reduce interest rates a couple of times this year, traders bet on Wednesday, after a government report helped allay fears that inflation was accelerating in the final full month of Joe Biden's presidency.
'Core' rate of inflation eases a bit, CPI shows. Fed and Wall Street get some breathing room.
A key measure of consumer prices rose less than expected in December, perhaps calming at least temporarily fresh worries about a recent rebound in inflation. An uptick in inflation since the end of su
Stock market today: Dow jumps 700 points, Nasdaq soars 2.5% after cool CPI reading
The benchmark S&P 500 ( ^GSPC) popped more than 1.8%, while the Dow Jones Industrial Average ( ^DJI) rose more than 1.6%, or ...
Instant view: Dec CPI rises a touch above expectations, keeps Fed on track
U.S. consumer prices increased slightly more than expected in November as energy costs rose, pointing to an inflation trend ...
Energy and food prices drove inflation in December
The Labor Department's inflation report for the month of December showed that food and energy prices were the primary drivers ...
justthenews10h
Consumer Price Index increased 0.4% in December, Labor Department
The Consumer Price Index increased 0.4% in December, compared to the previous month, the Bureau of Labor Statistics reported ...
Futures rise after December CPI data
U.S. stock index futures extended gains on Wednesday as investors assessed a broadly in-line consumer inflation report to ...
CPI Inflation Hurt More In December But With A Silver Lining
The cost of living rose more in December than the month before, as rising energy costs hurt household budgets and stoked ...
Inflation Sped Up in December, a Fresh Challenge for the Fed
The Consumer Price Index rose 2.9 percent from a year earlier, but a measure of underlying inflation was more encouraging.
Mortgage News Daily4h
Mortgage Rates Drop Back to Last Week's Levels After Softer Inflation Data
We knew that today's Consumer Price Index (CPI) was a hotly anticipated economic report that at least had the potential to ...
Dow Jones Today: Stocks Surge, Treasury Yields Slide After Soft CPI Data Boosts Rate-Cut Hopes; Banks Rise on Strong Earnings
Stocks soared Wednesday as investors digested strong earnings reports from several large financial services companies and ...
Mixed CPI Data For December
A jump in energy prices was primarily responsible for the increase in the overall CPI, especially energy commodities (fuel ...
What CPI Report Could Mean for Donald Trump
The incoming president is set to inherit three months of rising inflation from his predecessor, the Consumer Price Index ...