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.
Inflation rose for third month in a row, up to 2.9% in December
The increase in the consumer price index is unhelpful for President-elect Donald Trump, who will soon inherit the economy from President Joe Biden.
Inflation Rose in December but Underlying Pressures Fell
U.S. inflation accelerated last month as prices for gas, eggs and used cars rose, yet underlying price pressures also showed signs of easing.
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.
US inflation likely remained sticky-high last month, threatening interest rate cuts
On Wednesday the Labor Department is expected to report that in December the consumer price index rose 2.8 percent from a year ago, according to economists surveyed by FactSet, up from a 2.7 percent yearly increase in November.
Stocks rise with US rate cuts back in view; yen at one-month high
Asian shares tracked Wall Street higher on Thursday and the dollar was soft as easing core U.S. inflation kept potential rate cuts by the Federal Reserve on the table, while the yen rose to a one-month high on rate hike bets.
U.K. Inflation Eases Unexpectedly, Boosting Chances of BOE Rate Cut
Inflation cooled to 2.5% at the end of the year, making it more likely that the Bank of England will continue to lower its key interest rate.
Consumer price growth rose in December, a sign Trump will inherit stubborn inflation as he takes office
Consumer price growth ticked up in December, a sign President-elect Donald Trump will inherit the inflation issues that ...
U.S. Inflation Rates Over Time and the Forecast for 2025
Entering 2025, models from forecasting companies like Trading Economics anticipate inflation rates between 2.4% and 2.9% ...
Inflation heated up in December, as prices continue to weigh on Americans
The consumer price index increased by 2.9 percent in December from a year earlier, the Labor Department reported Wednesday, ...
Producer prices rose less than expected in December, encouraging investors
The Labor Department reported Tuesday that its producer price index — which tracks inflation before it hits consumers — rose ...
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 rises 2.9% in December, in line with expectations
The Labor Department released the inflation report for December, which showed prices were up 2.9% from a year ago, in line ...
US Inflation Rises to 2.9% in December, as Gas and Egg Prices Drive Uptick
The consumer price index (CPI) rose 2.9 percent year-over-year in December, the largest annual increase since July. When ...
TSX posts biggest gain since November on US inflation data
Futures for Canada's main stock index rose on Wednesday, buoyed by gains in commodity prices, while investors waited for a ...