US stocks added to gains on Tuesday after key inflation data came in hotter than expected to help set expectations for the timing of a Federal Reserve interest-rate cut. The S&P 500 (^GSPC) rose 0.5%, while the tech-heavy Nasdaq Composite (^IXIC) climbed roughly 0.7% after two days of losses. The Dow Jones Industrial Average (^DJI) … Read more
Inflation rose again in February, keeping the Federal Reserve on course to wait at least until the summer before starting to lower interest rates. The consumer price index, a broad measure of goods and services costs, increased 0.4% for the month and 3.2% from a year ago, the Labor Department’s Bureau of Labor Statistics reported … Read more
Prices across a broad range of goods and services edged higher in November but were mostly in line with expectations, further easing pressure on the Federal Reserve. The consumer price index, a closely watched inflation gauge, increased 0.1% in November, and was up 3.1% from a year ago, the Labor Department reported Tuesday. Economists surveyed … Read more
Inflation was flat in October from the previous month, providing a hopeful sign that stubbornly high prices are easing their grip on the U.S. economy. The consumer price index, which measures a broad basket of commonly used goods and services, increased 3.2% from a year ago despite being unchanged for the month, according to seasonally … Read more
An undated editorial photo of Chinese yuan cash bills and the flag of the People’s Republic of China. Javier Ghersi | Moment | Getty Images China’s consumer prices were flat in September, while factory gate prices saw annual declines slow for a third month, underscoring the “tortuous” nature of the post-Covid growth recovery in the … Read more
A view of a fuel station as fuel costs are on the highest degree from final yr in Virginia, on August 16, 2023. Celal Gunes | Anadolu Company | Getty Pictures This report is from at present’s CNBC Every day Open, our new, worldwide markets e-newsletter. CNBC Every day Open brings traders on top of … Read more
The patron worth index rose 3.2% from a yr in the past in July, an indication that inflation has misplaced at the very least a few of its grip on the U.S. economic system. Costs accelerated a seasonally adjusted 0.2% for the month, in keeping with the Dow Jones estimate, the Bureau of Labor Statistics … Read more
A broadly adopted measure of inflation rose in April, although the tempo of the rise supplied some hope that the price of dwelling will head decrease later this yr. The buyer worth index, which measures the price of a broad swath of products and companies, elevated 0.4% for the month, according to the Dow Jones … Read more