Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
The December CPI report, due Wednesday, is predicted to show another month of sticky inflation. Gas, food, vehicle, and shelter costs are among the areas believed to have kept the CPI elevated.
Inflation rose again in December as stubbornly high prices continued to strain consumers' finances ahead of the Federal Reserve's next decision on interest rates. The Labor Department on Wednesday ...
The core CPI is settling at 3.5%, and the December core CPI could extend the 0.3% MoM streak to five months. Rising gasoline prices could continue to boost the headline CPI inflation. The selloff ...
Prior to December's print, core CPI had been stuck at a 3.3% annual gain for the past four months. It was the first time since July that year-over-year core CPI saw a deceleration in price growth.
The Consumer Price Index report for January is expected to show broadly unchanged annual inflation according to nowcasts.
Inflation is a hot topic of conversation. The past few years, consumers have been digging even deeper into their pockets for everything from groceries and car insurance to rent and ...
Consumer Price Index showed an acceleration to 2.9%, the highest rate since July. With such high inflation, the Fed is unlikely to cut rates in January.
The Bank of Japan will aim to sustainably achieve 2% inflation as measured by the overall consumer price index, Governor ...
The Bureau of Labor Statistics reported that the Consumer Price Index rose 2.9% in December from year-ago levels, an uptick from November’s 2.7% rate. Year-over-year core CPI (which excludes ...
The inflation outlook is evolving broadly in line with estimates, with significant support stemming from easing prices of ...