core CPI – Charm – Daily News

Dow, S&P 500, Nasdaq soar as inflation cools, bank earnings shine

US stocks rallied on Wednesday as high hopes for bank earnings paid off and a crucial consumer inflation update showed prices increased less than expected in December. The benchmark S&P 500 (^GSPC) popped more than 1.6% while the Dow Jones Industrial Average (^DJI) rose more than 1.5%. Meanwhile, the tech-heavy Nasdaq Composite (^IXIC) soared 2.2%….

Core CPI rises less than forecast as inflation pressures ease slightly in December

Cs news5 hours ago5 hours ago09 mins

New data from the Bureau of Labor Statistics out Wednesday showed that a key inflation metric eased for the first time since July. On a “core” basis, which strips out the more volatile costs of food and gas, the December Consumer Price Index (CPI) climbed 0.2% over the prior month, a deceleration from November’s 0.3%…