Better bank earnings and inflation readings sent bond and stock prices higher. Earnings and politics will likely have the most significant impact on markets this week.
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
The path of inflation proved bumpier than expected in December, with price growth picking up more than economists had forecast. The consumer price index climbed 2.9% year over year in December, according to data released Wednesday by the Bureau of Labor Statistics.
according to economists surveyed by FactSet, up from a 2.7% yearly increase in November. It would be the third straight rise, after inflation fell to a 3 1/2 year low of 2.4% in September.
Consumer inflation data came in slightly hotter than expected in December. Consumer prices were up 2.9% for the 12 months ended in December as compared to 2.7% in November, according to the latest Consumer Price Index data released Wednesday by the Bureau of Labor Statistics. On a monthly basis, prices rose by 0.4%.
Stock futures were rallying in the wake of another encouraging update on inflation. Dow futures were ... expectations among economists polled by FactSet, the 3.2% uptick in the core CPI, which ...
FactSet data shows that 5-, 10-, and 30-year breakeven inflation rates have each jumped by 4 basis points to 2.44%, 2.38%, and 2.36%, respectively. This means that the market's expectations for ...
Wholesale-level inflation heated up further to close out 2024, a sign that price pressures are building at a time when President-elect Donald Trump threatens to unleash a substantial array of tariffs.
Prices increased by 2.5% on an annual basis in December, down from 2.6% in November. Full coverage from the team at MoneyWeek.
Recently, progress on inflation appeared to be stuck or ... The consensus estimates on FactSet did anticipate core slowing on a monthly basis but holding firm at 3.3% for the year.
Don’t Wait for a Correction to Join a Bull Market If you’re interested in investing, you’re likely familiar with Warren Buffet’s famous quote from his 1986 Chairman’s letter: “Be fearful when others are greedy and greedy when others are fearful.
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