US stocks soared as traders cheered encouraging inflation data, while the 10-year Treasury plunged 13 basis points.
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While the overall consumer price index rose, the core measure that omits food and energy costs was below estimates.
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December's softer-than-expected monthly core reading from the consumer-price index likely gives the Federal Reserve "some breathing room" ahead of uncertain impacts from tariffs, said BMO Capital ...
Federal-funds futures on Wednesday were pointing to the Federal Reserve keeping its benchmark interest rate at the current level potentially until June, as traders assessed data showing that core U.S.
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Consumer inflation increased 2.9% in 2024, which is above the Federal Reserve's goal of 2%, but wages overall more than kept ...
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
The core consumer price index — which excludes food and energy costs — increased 0.2% after rising 0.3% four straight months.