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.
Bonds Have Banner Day as Inflation Report Revives Fed-Cut Bets
US government bonds had their best day in months after benign inflation data revived the case for additional Federal Reserve interest-rate cuts.
Mixed CPI Data For December
A jump in energy prices was primarily responsible for the increase in the overall CPI, especially energy commodities (fuel ...
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 ...
Core CPI rises less than forecast as inflation pressures ease slightly in December
A key inflation metric eased for the first time since July as investors debate the Federal Reserve's next interest rate ...
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.
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 ...
Here's the inflation breakdown for December 2024 — in one chart
The consumer price index, an inflation gauge, rose 2.9% on an annual basis in December 2024 on the back of higher food and ...
US inflation picks up pace for 3rd month in December
Overall inflation in the United States accelerated for the third-straight month in December. But the core consumer price index increased slightly less than expected, raising the prospect of another ...
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 ...
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 ...
Energy Prices Surged in December
Energy costs jumped in December, with the acceleration accounting for 40% of the total increase in the consumer price index ...
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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 ...