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Inflation, consumer price index
Core inflation rate slows to 3.2% in December, less than expected
The consumer price index increased a seasonally adjusted 0.4% on the month, putting the 12-month inflation rate at 2.9%. The annual number was in line with forecasts. Core CPI annual rate was 3.2%, a notch down from the month before and slightly better than the 3.
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 stripping out the more volatile food and energy sectors, core inflation slowed to 3.2 percent, from 3.3 percent.
Inflation heated up in December, as prices continue to weigh on Americans
Inflation picked up in late 2024, fueled by an increase in gas prices, the latest sign of stalled improvement on lowering prices as President-elect Donald Trump prepares to take office. The consumer price index increased by 2.
inflation, Wall Street
Dow, S&P 500, Nasdaq rally on more signs of cooling inflation and strong bank earnings
US stocks jumped at the open after consumer price data showed inflation continues to slow. Strong bank earnings also helped lift sentiment.
Wall St opens higher after inflation data, strong bank earnings
Wall Street's main indexes opened higher on Wednesday, as data showed core inflation rose less than expected in December and investors cheered a strong batch of quarterly results from the biggest U.S.
Stock market today: Wall Street rallies after encouraging inflation data and strong bank profits
U.S. stocks are rallying after financial markets worldwide got a shot of adrenaline from an encouraging update on U.S. inflation. Strong profit reports from the biggest U.S. banks are also helping send indexes higher.
5h
on MSN
Core inflation was softer than expected to end 2024
Inflation rose faster than expected in December, but core inflation was softer than expected as the Federal Reserve weighs a ...
6h
Cooler core inflation revives bets on Fed rate cuts
Federal Reserve policymakers may be able to reduce interest rates a couple of times this year, traders bet on Wednesday, ...
6h
Core Inflation Reading Softer Than Expected
With energy and food inflation markedly stronger in December, the overall reading for the consumer price index surged last ...
5h
Softer Reading on Core Inflation Revives Bets on Rate Cuts
Traders are feeling more confident that the Federal Reserve will cut interest rates this year after a key inflation gauge ...
3h
Bitcoin climbs after surprise slowdown in core inflation
Bitcoin rose nearly 3% to $99.3K as softer core inflation data raised expectations for continued Fed rate cuts, boosting ...
4h
Latest CPI Inflation Report Makes January Fed Rate Cut Very Unlikely
Consumer Price Index showed an acceleration to 2.9%, the highest rate since July. With such high inflation, the Fed is ...
6h
Core CPI Inflation Eases; Lifting S&P 500 Futures, Fed Rate-Cut Hopes (Live)
Consumer price index data for December showed that core price pressures eased more than expected. S&P 500 futures rose as ...
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Related topics
CPI
United States
December
PPI
Federal Reserve System
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