US consumer inflation rose for a third straight month in December as energy prices jumped but a widely watched measure eased slightly, raising hopes that underlying inflation may be moderating.One of the biggest drivers of inflation in December was the energy index,

President Joe Biden is facing renewed criticism for his economic policies following the recently released Consumer Price Index’s (CPI) December 2024 report.

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 month's +0.3%. The core measure's Y/Y rise of 3.2% inched down from 3.3% in November and fell short of the +3.3% consensus.

Asia market update: JPY spikes on further BOJ hike speculation; Softer US CPI drives financials higher; BOK dovish hold; Mixed AU jobs; Focus on US Dec Retail Sales.

Mohamed El-Erian shared Bloomberg's John Authers' analysis, warning that persistent inflation could hinder President-elect Trump's economic agenda as markets await December CPI data.

Last month's CPI was forecast to come in at 2.8%, according to economists surveyed by financial data firm FactSet. The Consumer Price Index, a basket of goods and services typically bought by ...

US consumer inflation rose for a third straight month in December as energy prices jumped but a widely watched measure eased slightly, raising hopes that underlying inflation may be moderating.

Tough talk from President-elect Trump and House Speaker Mike Johnson about cuts to President Biden's Inflation Reduction act will require consideration of jobs in states run by Republican governors, local Congressional districts held by the GOP ...

House Republicans are pushing for extensions of the 2017 tax cuts enacted by President-elect Donald Trump. Here’s what to know.

Sen. Jim Justice (R-W.Va.) was officially sworn into his seat Tuesday, putting Republicans closer to having their full 53-member majority. Justice was sworn in by Sen. Chuck Grassley (R-Iowa), the chamber’s pro tempore and was joined by Sen.

U.S. consumer prices rose in December by less than forecast, a welcome stepdown that helped arrest a deep selloff in bond markets and reinvigorate bets that the Federal Reserve will

Michelle Girard, head of U.S. at NatWest Markets, discusses expectations for today's inflation data, and how that could shift the Fed's narrative on rate cuts this year.