WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Tuesday that consumer price index data for January showed progress in the fight against inflation despite a surge in the cost of shelter that pushed up the index more than was forecast by economists. Yellen, in prepared remarks for an event at a Pittsburgh hospital, […]
NEW YORK (Reuters) – U.S. consumer prices increased more than expected in January amid rises in the costs of shelter and healthcare, but the pick-up in inflation likely does not change expectations that the Federal Reserve will start cutting interest rates in the first half of this year. The consumer price index (CPI) increased 0.3% […]
Futures for the Dow Jones and other major indexes tumbled Tuesday, as Wall Street reacted to a hotter-than-expected key inflation report that could telegraph future interest rates. Heavy sellers included Arm Holdings (ARM) and two fellow artificial intelligence stocks that reported earnings on the stock market today: Arista Networks (ANET) and Cadence Design Systems (CDNS). […]
US stock futures retreated on Tuesday, sliding away from recent highs as investors looked ahead to a crucial inflation update that could shift the needle for interest-rate cuts. S&P 500 (^GSPC) futures sank 0.4%, after the benchmark faltered Monday in its bid to keep its historic rally above 5,000 going. Futures on the Dow Jones […]
WASHINGTON (Reuters) – U.S. monthly consumer prices rose less than initially estimated in December, revised government data showed on Friday. The consumer price index rose 0.2% in December instead of 0.3% as reported last month, annual revisions of the CPI data published by the Labor Department’s Bureau of Labor Statistics (BLS) showed. But data for […]
The Federal Reserve rate-cut outlook may have just dodged a bullet as annual CPI revisions showed core inflation came down in the second half of 2023 as fast as earlier data showed. After the data, S&P 500 futures pointed higher in early stock market action, after closing Thursday at a new record high. X CPI […]
(Bloomberg) — Wall Street got a bit of encouragement after an uneventful US inflation revision lifted stocks in early trading, with traders now shifting gears to next week’s data for clues on the Federal Reserve’s rate path. Most Read from Bloomberg S&P 500 contracts signaled the benchmark gauge will top 5,000 after briefly hitting that […]
Dow Jones futures extended gains Friday morning as the S&P 500 looked to open above the 5,000 threshold. Wall Street reacted to new inflation data. And Apple stock showed a new buy point in the stock market today, but first it needs to retake a key level. X Before the opening bell, Dow Jones futures […]
US stock futures traded in the green on Friday, pointing to another record-setting session but with a revision of 2023 inflation data ahead that could spoil the party. S&P 500 (^GSPC) futures rose roughly 0.2% after Thursday’s hard-won record close put the benchmark within three points of ending above 5,000 for the first time. Dow […]
By Howard Schneider and Lindsay Dunsmuir RICHMOND, Virginia (Reuters) – U.S. Federal Reserve officials took little fresh signal from consumer price data published on Thursday as they gauge whether inflation is headed firmly enough back to the central bank’s 2% target to allow them to reduce interest rates in coming months. Overall consumer price inflation […]
NEW YORK (Reuters) – U.S. consumer prices increased more than expected in December as rents maintained their upward trend, which could delay a much anticipated interest rate cut in March from the Federal Reserve. The consumer price index (CPI) rose 0.3% last month after nudging up 0.1% in November, the Labor Department said on Thursday. […]