Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
A jump in energy prices was primarily responsible for the increase in the overall CPI, especially energy commodities (fuel ...
Consumer Price Index showed an acceleration to 2.9%, the highest rate since July. With such high inflation, the Fed is ...
The Consumer Price Index rose 2.9 percent from a year earlier, but a measure of underlying inflation was more encouraging.
The consumer price index, an inflation gauge, rose 2.9% on an annual basis in December 2024 on the back of higher food and ...
Energy costs jumped in December, with the acceleration accounting for 40% of the total increase in the consumer price index ...
The benchmark S&P 500 ( ^GSPC) popped more than 1.8%, while the Dow Jones Industrial Average ( ^DJI) rose more than 1.6%, or ...