While the overall consumer price index rose, the core measure that omits food and energy costs was below estimates.
Bond yields fell further from multi-month highs as traders braced for Wednesday’s consumer price index report.
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Core CPI Inflation Eases; S&P 500 Rallies As Fed Rate-Cut Hopes Brighten (Live Coverage)Consumer price index data for December showed that core price pressures eased more than expected. S&P 500 futures rose as ...
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