Instant View: US Dec PCE Inflation Uptick Supports Fed Hold
The personal consumption expenditures (PCE) price index rose 0.3% last month after an unrevised 0.1% gain in November, the Commerce Department said on Friday. Economists polled by Reuters had forecast ...
Fed Leaves Interest Rates Unchanged, But 2025 Cuts Are Still Expected
The Federal Reserve left interest rates unchanged on January 29, and an interest rate cut is unlikely when the Fed issues its ...
FactChecking Trump’s Inaugural Address
In a half-hour inaugural address, newly sworn-in President Donald Trump twisted some facts while painting the last few years ...
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CPI report today: Home sales decline amid high housing costs, California wildfires, and frigid weather in other parts of U.S.
A mix of fire and snow is suppressing the housing market this month. © 2024 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of ...
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Microsoft raises price of consumer version of Microsoft 365 for first time in 12 years
Microsoft said in a blog post that it's increasing the price of its Microsoft 365 bundle for consumers by $3 a month. The company said it's raising the price as it's adding its Copilot artificial ...
CBS News22d
Pictures of L.A. fire damage show aftermath of California blazes
The fires continue to burn, and the full extent of the damage is still unknown. These latest photos show what's left of places thousands of people call home: What caused the massive blaze in ...
Indiatimes22d
Consumer Price Growth in December 2024 Signals Persistent Inflation Challenges for Trump’s Presidency
What is the consumer price growth in December 2024? Consumer price growth in December 2024 rose to 2.9%, up from 2.7% in November, as reported by the Bureau of Labor Statistics. What is core inflation ...
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Bitcoin jumps to $98,500 minutes after US CPI data
Bitcoin (BTC) jumped $1,500 to $98,500, rising 2% in 24 hours, according to CoinDesk data. This followed the release of December’s Consumer Price Index (CPI), which showed mixed inflation signals. The ...
The New York Times22d
David Lynch: A Life in Pictures
The filmmaker possessed a singular vision — and a knack for finding collaborators who could convey it. The filmmaker possessed a singular vision — and a knack for finding collaborators who ...
CBS News22d
CPI edged higher in December, complicating the Fed's upcoming decision on rate cuts
Inflation rose 2.9% on an annual basis in December, with the latest Consumer Price Index illustrating the Federal Reserve's challenge in battling stickier-than-expected price increases.
New York Post22d
US inflation ticks up again — but Dow surges as key Fed gauge dips
The Consumer Price Index rose 0.4% last month after climbing 0.3% in November, the Labor Department’s Bureau of Labor Statistics said on Wednesday. In the 12 months through December, the CPI ...
Latest CPI Inflation Report Makes January Fed Rate Cut Very Unlikely
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.