CPI edged higher in December, complicating the Fed's upcoming decision on rate cuts
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
Stocks open sharply higher as Wall Street gets relief from softer-than-expected core CPI inflation data
U.S. stocks were surging on Wednesday morning as Treasury yields fell after core inflation data came in below expectations, boosting bets that the Federal Reserve will still be able to cut interest ...
Fox Business29d
Fed’s preferred inflation gauge in November was lower than expected, but remains elevated
The Federal Reserve's favored inflation gauge came in ... in November and 2.4% on a year-over-year basis. Both came in below FactSet economists' estimates. Core PCE, which excludes volatile ...
MarketWatch24d
Why stocks and bonds slumped — and market volatility soared — after Fed meeting
Stocks and bonds sold off after the Federal Reserve ended its policy meeting ... skyrocketed 74% Wednesday to 27.6, according to FactSet data.
US inflation likely remained sticky-high last month, threatening interest rate cuts
Fed Chair Jerome Powell has said the central bank will keep its key interest rate elevated until inflation is back to 2%. As ...