Major U.S. indices surged Wednesday after consumer inflation came in lower than expected, and major banks posted strong fourth-quarter earnings. According to the U.S. Bureau of Labor Statistics, the Consumer Price Index increased 0.
Stock futures jumped after Wall Street finally got an encouraging update on inflation. The producer price index rose 0.2% in December on a monthly basis, the Bureau of Labor Statistics said Tuesday. Economists polled by FactSet were forecasting a 0.
US stocks surged higher Wednesday after an encouraging inflation report and blockbuster profits for some of America’s biggest banks.
U.S. stocks were surging on Wednesday morning as Treasury yields fell after core inflation data came in below expectations, boosting bets that the Federal Reserve will still be able to cut interest rates this year.
As of December, overall food inflation was 2.5% year over year, according to the Bureau of Labor Statistics’ consumer price index summary. Grocery prices (described as “food-at-home”) rose 0.3% month over month in December, while dining costs (also known as “food-away-from-home”) experienced a similar hike.
Finding the best online student loan lender depends on several factors. “Students should carefully review interest rates, fees, repayment terms and any potential benefits offered by different lenders,” advises McClary. “It's crucial to read the fine print and compare multiple offers before making a decision,” he adds.
The post-pandemic years have not been kind to American consumers. Prices are up, as well as interest rates on credit cards and loans. That has resulted in many families having a hard time making
At the Federal Reserve’s first meeting in 2025, consumers are going to want what Fed Chair Jerome Powell simply can’t give them: An answer to how much longer interest rates are going to stay high.
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Rise In Food Prices Goes Beyond Eggs: Here’s Rundown
Eggs are not the only food product seeing a sharp increase in prices.December grocery prices were nearly 28 percent higher than five years ago, reflecting how much harder families are finding it to manage their everyday expenses,
Investors are snapping up crude oil futures as a hedge against the risk that U.S. President Donald Trump's threatened trade tariffs will cause a resurgence in global inflation, adding momentum to a recent rally in oil prices sparked by a tightening of sanctions on Russia.
Pennsylvania has some 66,000 federal workers. Many work in Veterans Affairs, Defense, and the Treasury. For tens of thousands of federal workers in the Philadelphia region, President Donald Trump’s executive orders this week could change how they do their jobs.
Today, the National Restaurant Association announced that Hudson Riehle, senior vice president of the organization's Research and Knowledge Group, will retire in April.