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.
Wall Street, inflation
The consumer price index (CPI) rose 2.9 percent year-over-year in December, the largest annual increase since July. When ...
US stocks jumped on Wednesday after consumer price data showed inflation continues to slow. Strong bank earnings also helped ...
Inflation probably picked up in late 2024, fueled by robust household spending amid a strong economy. A key gauge of ...
The Consumer Price Index rose 2.9 percent from a year earlier, but a measure of underlying inflation was more encouraging.
U.S. inflation likely worsened last month on the back of higher prices for gas, eggs, and used cars, a trend that could make ...
Fresh inflation data released Wednesday is likely to keep the Federal Reserve on pause during its next policy meeting this ...
The fresh data arrives after a jobs report last week showed stronger-than-expected hiring in December, which sent the stock ...
The outgoing Biden Administration has made resources available to help individuals navigate the Inflation Reduction Act's ...
Shelter costs were 4.6% higher in December than a year earlier, and they account for more than a third of the consumer price ...
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