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 ...
Stock Market Today: Dow ends down nearly 180 points, Nasdaq tumbles 1.9% as Treasury yields surge after job-openings, ISM services data
Ten-year Treasury yields were hovering just shy of their highest since last May, and the 30-year yield was close to its ...
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 ...
US economy likely added 153,000 jobs last month, returning to normal after strike and hurricanes
Forecasters surveyed by the data firm FactSet expect that U.S. payrolls grew by 153,000 ... he says, that would be seen by ...
The U.S. dollar has never been stronger, by one measure. That could create problems for investors.
As President-elect Donald Trump prepares to return to the White House, the U.S. dollar has, by at least one measure, never been stronger.
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 ...
What to expect from stocks in 2025
Wall Street forecasts reviewed by CNN show that most strategists expect double-digit percentage growth for the S&P 500 in ...
The New York Times29d
Markets Rally, Shaking Off Threat of Government Shutdown
Data delayed at least 15 minutes Source: FactSet By The New York Times By ... Consumption Expenditures index, which is the Federal Reserve’s preferred measure of inflation, showed a slower ...
Average mortgage rate reaches 7% for first time since May
The average 30-year fixed rate rose to 7.04% for the week ending Thursday, according to mortgage giant Freddie Mac. The ...