US consumer inflation rose for a third straight month in December, according to government data published Wednesday, adding pressure on the Federal Reserve to pause rate cuts.
US stocks soared as traders cheered encouraging inflation data, while the 10-year Treasury plunged 13 basis points.
Despite aggressive interest rate hikes by the Fed aimed at curbing inflation, the CPI's decline in yearly growth has been ...
Consumer inflation increased 2.9% in 2024, which is above the Federal Reserve's goal of 2%, but wages overall more than kept ...
Wall Street sees best CPI day since at least late 2023; Goldman Sachs and JPMorgan kick off the new earnings season ...
A team of economists and strategists at BofA Securities is holding on to its view that the Federal Reserve's interest-rate-cutting cycle is done, considering that the labor market is stabilizing ...
The incoming president is set to inherit three months of rising inflation from his predecessor, the Consumer Price Index ...
The company's share price was up 11% as of 11 a.m. ET and had been up as much as 14.9% earlier in the daily session.
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Inflation up 2.9% year-over-year in latest CPI reportThe latest consumer price index report shows inflation rose 2.9% year-over-year in December, marking three months of ...
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