U.S. consumer prices rose in December, pointing to elevated inflation and fewer interest rate cuts by the Federal Reserve.

IT, realty, and energy stocks posted gains, while pharma and auto stocks continued their downward trend, closing in the red.

The increase in the consumer price index for the 25-county region that includes Long Island was fueled in part by the cost of natural gas, electricity and housing.

A benign reading from the Consumer Price Index report assuaged market fears about the path of borrowing costs.

Inflation increased by 2.9% in December 2024, marking three consecutive monthly rises. Mountain West states had the lowest ...

US consumer inflation rose for a third straight month in December as energy prices jumped but a widely watched measure eased ...

The consumer-price index came in relatively hot, rising 2.9% over the year, the Labor Department. But the so-called core CPI, which excludes volatile food and energy prices, rose 0.2% from a month ...

Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.

The Labor Department's inflation report for the month of December showed that food and energy prices were the primary drivers ...

U.S. stock futures were surging on Wednesday morning after the consumer-price index report showed inflation ticked up 0.4% in December, higher than the 0.3% forecast. But core inflation, which omits ...

Inflation crept up again in December, driven mostly by a jump in energy prices, according to the latest Consumer Price Index ...

U.S. inflation data out Wednesday showed consumer prices ticked up more than expected in December amid higher gas prices. The ...