US consumer prices rise in December, but underlying inflation slowing
U.S. consumer prices increased slightly more than expected in December amid higher costs for energy goods, pointing to still elevated inflation that aligns with the Federal Reserve's projections for fewer interest rate cuts this year.
U.S. consumer prices increased by the most in nine months in December amid higher costs for energy goods, pointing to ...
Major U.S. stock averages surged Wednesday, with bank stocks climbing, and as a softer-than-expected core inflation reading ...
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Consumer inflation rose 2.9% in 2024 as US lost some progress near end of yearConsumer inflation increased 2.9% in 2024, which is above the Federal Reserve's goal of 2%, but wages overall more than kept ...
Consumer Price Index showed an acceleration to 2.9%, the highest rate since July. With such high inflation, the Fed is ...
Disinflation in key areas of consumer prices should help the Federal Reserve stick to its policy path of gradual cuts to ...
US stocks jumped at the open after consumer price data showed inflation continues to slow. Strong bank earnings also helped ...
Consumer inflation data came in slightly hotter than expected in December. Consumer prices were up 2.9% for the 12 months ended in December as compared to 2.7% in November, according to the latest ...
The consumer price index, an inflation gauge, rose 2.9% on an annual basis in December 2024 on the back of higher food and ...
Inflation picked up speed in December as the U.S. economy showed unexpected signs of strength at the end of 2024. The ...
Jamie Dimon, the chief executive of JPMorgan Chase, said in a statement alongside the bank's fourth-quarter earnings that the ...
Consumer price growth ticked up in December, a sign President-elect Donald Trump will inherit the inflation issues that ...
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