Rising Overall Inflation Puts Further Rate Cut Plans on Ice
The path of inflation proved bumpier than expected in December, with price growth picking up more than economists had forecast. The consumer price index climbed 2.9% year over year in December, according to data released Wednesday by the Bureau of Labor Statistics.
US inflation likely remained sticky-high last month, threatening interest rate cuts
U.S. inflation likely worsened last month on the back of higher prices for gas, eggs, and used cars, a trend that could make it less likely that the Federal Reserve will cut its key interest rate much
US inflation likely remained elevated last month, threatening interest rate cuts
U.S. inflation likely worsened last month on the back of higher prices for gas, eggs, and used cars, a trend that could make it less likely that the Federal Reserve will cut its key interest rate much
Cooling inflation revives hopes for Fed rate cuts
The drop in yields occurred as traders resumed betting on another Fed rate cut by July. Traders ignored the strong December employment data released Friday, which sparked a surge toward the highest levels in months as it sowed doubts that policymakers would cut rates at all this year.
Treasuries surge as easing inflation boosts Fed rate-cut bets
U.S. government bonds surged as benign inflation data prompted traders to resume their bets on additional Federal Reserve interest rate cuts by July.
Key Inflation Data Arrives Wednesday. Why Economists Don’t Expect Any Relief.
Inflation picked up in December, if economic forecasters are right—driven by rising food and energy costs. And the uptick ...
CPI edged higher in December, complicating the Fed's upcoming decision on rate cuts
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
MarketWatch3d
Breakeven inflation rates point to lingering worry about future inflation
according to FactSet data. Both rates have spiked since September and were moving further away from the Federal Reserve's 2% inflation target as of Tuesday. Wednesday's lack of movement in ...
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CBS News4d
Producer prices rose less than expected in December, encouraging investors
according to a survey of forecasters by the data firm FactSet. Wholesale prices can offer an early look at where consumer inflation might be headed. Economists also watch it because some of its ...
Bond ETFs jump after fresh inflation data send Treasury yields lower
Exchange-traded funds that hold bonds were rallying on Wednesday morning, following fresh data from the consumer-price index showed the rate of core U.S. inflation slowed slightly last month. The ...
JPMorgan Chase is the best performer among U.S. banks. What that means for investors.
JPMorgan Chase stands head-and-shoulders above the rest of this group of largest U.S. banks by ROAA, while Morgan Stanley runs a pretty close second when its performance is measured by ROTCE. And with ...
Ozempic Among the Next Drugs Up for Medicare Price Negotiations
The U.S. government named 15 drugs that will be subject to the second round of price negotiations by Medicare, including ...