The Federal Reserve has now battled high inflation for nearly four years. Economists point to the Federal Reserve's rate cuts, rising oil prices, consumer psychology, and potential tariffs as ...

Inflation accelerated for a third straight month in December on rising food and energy costs, reaching a five-month high and underscoring that an encouraging slowdown in price increases last ...

Today’s much-worried-about CPI inflation reading was, contrary to the market’s fears, not too hot. Headline inflation rose from 2.8 per cent to 2.9 per cent in December, just as economists ...

US stocks surged higher Wednesday after an encouraging inflation report and blockbuster profits for some of America’s biggest banks. The Dow surged 703 points, or 1.65%, to close at 43,222.

US stocks rallied sharply on Wednesday as traders took in encouraging inflation data and strong earnings from Wall Street banks. The sell-off in bonds also got some relief as the 10-year Treasury ...

Markets cheered a December inflation report that suggested underlying price pressures are easing, but the Federal Reserve still isn’t likely to cut interest rates anytime soon given President ...

The newest member of the Bank of England's interest rate-setting committee has made the case for up to four cuts this year following a surprise fall in inflation. Professor Alan Taylor used a ...

Wall Street closed higher on Wednesday, with all three major stock indexes posting their largest daily percentage gain since November 6, as investors cheered signs that inflation's still slowing ...

Inflation picked up speed in December as the U.S. economy showed unexpected signs of strength at the end of 2024. The consumer price index (CPI) rose 0.4 percent in the final month of 2024 and ...

Inflation in December was its highest since the summer, according to data released Wednesday morning, a sign of the lingering presence of higher prices for consumers, though economists did predict ...

Inflation sped up in December as expected, marking the third consecutive month of acceleration. The consumer price index, an inflation measure, increased by 2.9% over the year that ended in ...