Asian currencies were mixed against the U.S. dollar in the morning session but may strengthen amid risk appetite.
Gold held a four-day advance after a key US inflation report supported expectations for another interest rate cut by the Federal Reserve when policymakers meet next week.
Consumers are generally feeling better about their finances than they have since the pandemic, but an incoming administration adds some uncertainty for 2025.
Fed-funds futures now point to a nearly 100% chance that Fed officials opt for another quarter-point cut next week.
Fueled by pricier used cars, hotel rooms and groceries, inflation in the United States moved slightly higher last month in the latest sign that some price pressures remain elevated.
Fueled by pricier used cars, hotel rooms and groceries, U.S. inflation rose slightly last month in the latest sign that some ...
Inflation has proved incredibly stubborn over the fall, the November consumer price index shows, thanks in part to insurance premiums, particularly for autos.
Wednesday’s reading on U.S. inflation sets the Federal Reserve up to cut interest rates next week, but the Fed may pause its rate-cutting cycle at its first policy meeting next year, according to ...
Federal Reserve officials have made clear that they expect inflation to fluctuate even as it gradually cools toward their ...
Richard Fisher, former Dallas Fed president, joins CNBC's 'Closing Bell' to discuss whether the Fed should cut interest rates ...
Consumer inflation accelerated in November to 2.7% from 2.6% and core CPI was sticky at 3.3%. But a December Fed rate cut ...
Although one single data point is never decisive, when inflation is high, the Fed generally raises interest rates to ...