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Economists were expecting inflation to pick up 0.3% from November and notch a 2.8% annual increase, primarily due to expectations around higher energy and food prices.
Wage growth ticks higher.Average hourly earnings rose by 0.48% month-over-month in January, up from the 0.25% pace in December. On a year-over-year basis, this metric is up 4.1%.
The US dollar is at multiyear highs as investors prepare for the possibility of more inflation. Morgan Stanley says the dollar strength will clearly separate the winners and losers of the upcoming ...
Earnings scorecard. With more than 62% of S&P 500 companies done reporting earnings, the year-over-year growth rate for the index keeps moving higher.
U.S. stocks slumped Friday as worries flared again on Wall Street about tariffs and inflation. The Dow Jones Industrial Average sank 444 points, or 1%, and a sharp fall for Amazon after its latest ...
It all helped fuel massive tailwinds that made it seem like the economy had nowhere to go but up. ... which in turn has supported stock prices and sent the net worth of ... Wage growth ticks lower ...
The booming U.S. stock market will help keep the dollar expensive as global investors pour money into America, a foreign exchange strategist said. But the politics of any trade deals that the ...
"Solid increases in energy and food prices at the end of 2024 underpin our forecast of a 0.4% monthly gain in the Consumer Price Index in December. If realized, the annual rate of inflation will ...