US inflation likely remained sticky-high last month, threatening interest rate cuts
Wednesday, 15 January 2025 () U.S. inflation likely worsened last month on the back of higher prices for gas, eggs, and used cars, a trend that could make it less likely that the Federal Reserve will cut its key interest rate much this year. On Wednesday the Labor Department is expected to report that in December the consumer price index rose 2.8% from a year ago, according to economists surveyed by FactSet, up from a 2.7% increase in November. It would be the third straight increase, after inflation fell to a 3 1/2 year low of 2.4% in September.
Gilts posted a recovery on Wednesday, while the FTSE 100 opened higher, after the latest inflation figures came in lower than expected. New figures from the... City A.M.
Asian stocks are mixed after Wall Streetβs mostly positive performance ahead of key U.S. inflation data that could influence the pace of the Federal... SeattlePI.com
US inflation rose at a slightly weaker pace than expected last month, but it is unlikely to be enough to prompt the Federal Reserve into cutting interest rates... City A.M.
Wednesday, 15 January 2025 ()
