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Inflation (Consumer price index, or CPI): up 2.4% from a year ago, a slight slowdown from 2.5% during the Fed’s last meeting CPI, excluding food and energy: 3.3%, up from 3.2%
The producer price index show prices rose 0.4% in November, higher than consensus estimates of 0.2%. Inflation has been inching higher, raising worries that it could hinder the Fed's ability to ...
With inflation coming in as expected, stocks are regaining ground after two losing sessions this week. Wall Street will now watch for the latest producer price index to be released on Thursday.
The November consumer price index will be released Wednesday morning and is expected to show a slight uptick from October. Economists expect the year-over-year CPI to come in at 2.7% compared to 2 ...
Core inflation, which excludes volatile food and energy items and is watched more closely by the Fed, increased 0.3% for the fourth straight month. That kept the annual increase unchanged at 3.3% ...
Higher energy costs caused the inflation to rise further in 2022, [137] peaking at 9.1%, a high not seen since 1981. [1] The housing shortage has been cited as a major factor in inflation in the US, [ 47 ] [ 48 ] [ 49 ] with Katy O'Donnell of Politico arguing that housing shortages were the single biggest contributor to inflation. [ 50 ]
Stocks fell for a second day this week as investors brace for Wednesday's CPI report. An inflation surprise could sway the Fed's interest rate decision next week. Google rose as much as 6% after ...
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