Consumer Price Index showed an acceleration to 2.9%, the highest rate since July. With such high inflation, the Fed is unlikely to cut rates in January.

The closely scrutinized monthly consumer-price index is due at 8:30 a.m. ET. Here are some key points to know ahead of the report: Economists expect annual inflation to come in at 2.9% as of December,

The Consumer Price Index ticked up by 0.4% in December, but a measure that excludes food and energy prices slowed for the first time in four months, the Labor Department said on Wednesday. Why it matters: Inflation resumed a cooling trend after a months-long interruption,

Investors are gearing up for December's crucial consumer price index to determine the direction of Fed policy.

The S&P 500 edged higher while the Nasdaq dipped after a volatile session on Tuesday as investors gauged inflation data and braced for quarterly earnings reports to justify stock valuations and the strength of the U.

US stocks gave up earl\y gains to end mixed. Investors await key consumer inflation data and the start of earnings season on Wednesday.

Inflation remains a big focus for investors, as upcoming economic data could signal whether price pressures persist. Kathy Bostjancic, senior vice president and chief economist at Nationwide, and Sam Stovall,

The producer price index showed that core prices were flat last month, lifting the S&P 500 ahead of tomorrow's CPI, despite news on Trump tariffs.