US consumer prices post largest gain in nine months; underlying inflation slowing
U.S. consumer prices increased by the most in nine months in December amid higher costs for energy goods, pointing to still-elevated inflation that aligns with the Federal Reserve's projections for fewer interest rate cuts this year.
US consumer prices rise in December, but underlying inflation slowing
U.S. inflation data out Wednesday showed consumer prices ticked up more than expected in December amid higher gas prices. The Labor Department's consumer price index rose 0.4% last month, slightly more than economists polled by Reuters had expected,
The consumer price index, an inflation gauge, rose 2.9% on an annual basis in December. That's up from 2.7% in November.
Take a look at how various financial markets are trading following the release of December's consumer-price index: stock ...
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December Consumer Inflation In Line With Forecasts But Core CPI Falls Below Estimate: Retail’s Wary Despite Wall Street RallyMajor U.S. indices surged Wednesday after consumer inflation came in lower than expected, and major banks posted strong ...
The benchmark S&P 500 ( ^GSPC) popped more than 1.8%, while the Dow Jones Industrial Average ( ^DJI) rose more than 1.6%, or ...
Inflation barometer The Labor Department ... but has signaled that it will proceed cautiously in 2025. Consumer price index, annual percent change, not seasonally adjusted: July 2.9 Aug. 2.5 ...
Japan's wholesale prices rose 3.8% in December from a year earlier, central bank data showed on Thursday, highlighting ...
The 10-year Treasury yield ( ^TNX) dropped over 12 basis points to trade around 4.66% after the cooler-than-expected reading.
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