November’s Consumer Price Index (CPI) report arrived yesterday – and it was just what stocks needed to continue rallying.
November wholesale inflation jumped unexpectedly, driven up by higher food prices, especially a more-than 54% jump in the price of eggs. But that shouldn't alter the Fed's plan to cut rates.
Inflation , as measured by the producer price index, rose four-tenths of a percentage point to 3% for the year ending in November, the Bureau of Labor Statistics reported Thursday.
The mainstream media was giddy, and markets responded positively to the November CPI because every metric came in "as ...
European stock futures were little changed early Thursday ahead of expected rate cuts by the ECB and the Swiss National Bank. Asian stock benchmarks gained; the dollar edged lower; Treasury yields and ...
Asia-Pacific markets were set to open higher Wednesday, following gains on Wall Street that saw the Nasdaq Composite surge to record highs after November's inflation report met expectations.
Inflation rose 2.7% on an annual basis in November, according to the latest government report on the Consumer Price Index, or ...
Wednesday's report showed inflation edged higher in November — but it isn't expected to deter the Federal Reserve from ...
US inflation is reported to have risen slightly last month, but remained low overall according to data from the Labor Department.
Tech stocks soared on Wednesday, boosted by the prospect of a rate cut at next week's Fed meeting. Tesla stock jumped 6% to ...
Wednesday's November CPI showed little progress being made toward the Federal Reserve's 2% target and raises doubts about the ability of officials to cut rates as much as they expected, one chief ...
The Dow Jones Industrial Average on Wednesday was erasing its early gains in less than 30 minutes after the opening bell, but the rally in the tech-heavy Nasdaq Composite was picking up speed after No ...