Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.

Consumer Price Index showed an acceleration to 2.9%, the highest rate since July. With such high inflation, the Fed is unlikely to cut rates in January.

at 8:30 a.m. EST The CPI is forecast to rise 0.3% in December after rising by the same amount in November. Core CPI is forecast to rise 0.2% in December after rising 0.3% in November. The CPI year ...

Excluding food and energy, core CPI gained 0.2% from a month earlier, after increasing 0.3% in each of the previous four months. The latest print slightly trailed the +0.3% consensus and the prior ...

The Bureau of Labor Statistics reported that the Consumer Price Index rose 2.9% in December from year-ago levels, an uptick from November’s 2.7% rate. Year-over-year core CPI (which excludes ...

The core CPI is settling at 3.5%, and the December core CPI could extend the 0.3% MoM streak to five months. Rising gasoline prices could continue to boost the headline CPI inflation. The selloff ...