Two recent readings on inflation showed price increases decelerated in February — but within the details, economists see warning signs. Thursday’s report from the Bureau of Labor Statistics showed that its “core” Producer Price Index (PPI) — which tracks the price changes companies see and excludes food and energy — rose 3.4% from the year…
The latest Consumer Price Index (CPI) showed that housing cost pressures eased in February to the slowest pace in over three years. Shelter costs rose 4.2% from a year earlier in February, slower than the 4.4% increase seen in January, and the smallest 12-month increase since December 2021. On a monthly basis, housing costs ticked…
January’s Consumer Price Index (CPI) will serve as the latest test of whether inflation pressures have eased as investors debate if and when the Federal Reserve will cut interest rates in 2025. The report, set for release at 8:30 a.m. ET on Wednesday, is expected to show headline inflation of 2.9%, matching the annual gain…
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%…
The major indexes soared (^DJI,^GSPC, ^IXIC) on Wednesday, with the Dow closing higher by 703 points following a cooler-than-expected core CPI print. Yahoo Finance Reporter Josh Schafer shares his three biggest takeaways from the trading day. Also joining Asking for a Trend is Distilled Spirits Council of the United States (DISCUS) CEO Chris Swonger who…
By Suzanne McGee and Saqib Iqbal Ahmed (Reuters) – A relatively benign U.S. reading on consumer price increases triggered a sharp relief rally in stocks and bonds on Wednesday, but traders and investors warn that markets are likely to remain anxious about the pace of inflation. The path ahead remains shadowed by ongoing uncertainty about…
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%….
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%…