US Inflation Rises to 2.9% in December, as Gas and Egg Prices Drive Uptick
The consumer price index (CPI) rose 2.9 percent year-over-year in December, the largest annual increase since July. When stripping out the more volatile food and energy sectors, core inflation slowed to 3.2 percent, from 3.3 percent.
The latest inflation report slashed the risk that the Fed could go back to hiking interest rates this year, Wall Street ...
The Consumer Price Index rose 2.9 percent from a year earlier, but a measure of underlying inflation was more encouraging.
Gas prices rose sharply, but investors homed in on a small decline in the core CPI.
U.S. presidential election, the Democrats joined a slew of governments voted out in the past year in the wake of high ...
The fresh data arrives after a jobs report last week showed stronger-than-expected hiring in December, which sent the stock ...
Consumer price growth ticked up in December, a sign President-elect Donald Trump will inherit the inflation issues that ...
Inflation increased by 2.9% in December 2024, marking three consecutive monthly rises. Mountain West states had the lowest ...
U.S. shares and bond prices held on to their inflation-inspired gains from the previous session on Thursday as traders digested data showing a small increase in U.S. retail sales.
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