Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
The Consumer Price Index rose 2.9 percent from a year earlier, but a measure of underlying inflation was more encouraging.
The benchmark S&P 500 ( ^GSPC) popped more than 1.8%, while the Dow Jones Industrial Average ( ^DJI) rose more than 1.6%, or ...
U.S. consumer prices rose in December, pointing to elevated inflation and fewer interest rate cuts by the Federal Reserve.
Cooler-than-expected inflation readings and positive bank earnings provided a string of good news for bulls after a dismal ...
Gas prices rose sharply, but investors homed in on a small decline in the core CPI.
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to ...
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The Labor Department's inflation report for the month of December showed that food and energy prices were the primary drivers ...
U.S. inflation data out Wednesday showed consumer prices ticked up more than expected in December amid higher gas prices. The ...
The consumer price index increased by 2.9 percent in December from a year earlier, the Labor Department reported Wednesday, ...
US consumer inflation rose for a third straight month in December as energy prices jumped but a widely watched measure eased ...