US stocks opened higher on Wednesday as investors digested another month of sticky inflation data that met economists’ expectations and likely pointed to a Federal Reserve interest rate cut next week. The Dow Jones Industrial Average (^DJI) increased about 0.2%, while the S&P 500 (^GSPC) jumped nearly 0.5%. The tech-heavy Nasdaq Composite (^IXIC) also added…
Consumer prices rose at a faster annual pace in November, a reminder that inflation remains an issue both for households and policymakers. The consumer price index showed a 12-month inflation rate of 2.7% after increasing 0.3% on the month, the Bureau of Labor Statistics reported Wednesday. The annual rate was 0.1 percentage point higher than…
US stock futures stalled on Tuesday as investors trod carefully on the eve of a closely watched consumer inflation report seen as key to the path of interest rates. Futures on the Dow Jones Industrial Average () and S&P 500 () hovered around the flat line. Contracts on the tech-heavy Nasdaq 100 () were up…
A customer walks by a display of fresh eggs at a grocery store on Sept. 25, 2024 in San Anselmo, California. Justin Sullivan | Getty Images Progress in the fight to tame pandemic-era inflation appears to have stalled out in October, despite lower prices at the gasoline pump and a moderation in other consumer staples…
BEIJING (Reuters) – China’s consumer prices rose more slowly in October, while producer price deflation deepened, even as Beijing doubled down on stimulus policies to prop up its sputtering economy. China unveiled a 10 trillion yuan ($1.4 trillion) package on Friday to ease local government “hidden debt” burdens, rather than directly injecting money into the…
The dollar extended its gains in early Monday trades in Asia as a holiday in Japan sapped liquidity, leaving China’s somewhat disappointing weekend stimulus announcements the focus of market attention. Alfexe | Istock | Getty Images The dollar extended its gains in early Monday trades in Asia as a holiday in Japan sapped liquidity, leaving…
(Bloomberg) — China’s deflationary problems became more entrenched in September, with consumer prices still weak and factory gate prices continuing to fall. Most Read from Bloomberg The consumer price index inched up 0.4% from last year, although that was boosted above zero only by a jump in fresh vegetable prices. Core CPI rose 0.1% in…
A worker arranges peaches at a fruit stand in the Pike Place Market in Seattle, Washington, US, on Thursday, July 4, 2024. SeongJoon Cho | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know,…
David Paul Morris/Bloomberg via Getty Images Inflation fell in September as lower gasoline prices combined with other waning price pressures in areas such as housing to bring relief to consumers’ wallets, according to the U.S. Bureau of Labor Statistics. The consumer price index, a key inflation gauge, was up 2.4% last month from September 2023,…
The pace of price increases over the past year took was higher than forecast in September while jobless claims posted an unexpected jump following Hurricane Helene, the Labor Department reported Thursday. The consumer price index, a broad gauge measuring the costs of goods and services across the U.S. economy, increased a seasonally adjusted 0.2% for…