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The final CPI release before the Fed's meeting is expected to be released at 8:30 a.m. ET on Wednesday. Wall Street economists expect headline inflation rose 2.7% annually in November, an increase ...
Price check. A fresh update on inflation will come next week with the release of the Consumer Price Index (CPI) for December. Wall Street economists expect headline inflation was at 2.9% annually ...
Consumer spending, which accounts for more than two-thirds of U.S. economic activity, jumped 0.7% in December after an upwardly revised 0.6% rise in November. Spending was previously reported to ...
And airline fares increased by 3.9%, a rise that Pantheon Macroeconomics traced to a busy holiday travel season. The cost of medical services rose 0.2% but that’s down from recent increases.
Recession fears for 2025 are fading fast, with market models and economist forecasts signaling a slim chance of economic contraction. But with optimism running high, could markets be misreading ...
The S&P 500 posted seven new 52-week highs and four new lows, while the Nasdaq Composite recorded 37 new highs and 27 new lows. (This story has been refiled to correct the syntax in paragraph 4)
The U.S. central bank this week paused its rate-cutting cycle, while Fed Chair Jerome Powell said officials were "waiting to see what policies are enacted" with the new president.
Goldman analysts this week projected that this time around a shutdown would reduce GDP growth by 0.15 percentage points for each week of stoppage — but then boost GDP growth by the same amount ...