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Consumer prices rose at the slowest pace since April 2021 as inflation showed further signs of cooling in May, according to the latest data from the Bureau of Labor Statistics released Tuesday ...
Headline inflation accelerated as expected in December, while core inflation, which strips out more volatile food and energy prices, rose 3.2% year over year, according to the Bureau of Labor ...
Inflation is not dead. Enough talk about the Fed should only be concerned about maximum employment." UBS suggested that the upcoming consumer price index report will be the next big thing for markets.
Consumer prices rose 2.9% in December compared to a year ago, ticking up from the previous month and extending a resurgent bout of inflation just days before President-elect Donald Trump takes office.
The latest inflation report is likely to cement a 0.25% cut in the Federal Reserve's key interest rate, currently at about 5.3%, later this month. ... USA TODAY Sports.
Core inflation, which excludes more volatile food and energy prices, also rose 0.4% month over month and 3.8% from a year ago in March, compared with consensus forecasts for 3.7%.
Inflation has remained above the Federal Reserve's 2% target on an annual basis. But recent economic data, including a sell-off-inducing July jobs report, has helped fuel a narrative the central ...
Here's what else happened today: How the LA wildfires will impact US growth and the labor market , Goldman Sachs says. Bitcoin could fall 17% from current levels once this key level is breached ...