US consumer inflation rose for a third straight month in December, according to government data published Wednesday, adding pressure on the Federal Reserve to pause rate cuts.

US stocks soared as traders cheered encouraging inflation data, while the 10-year Treasury plunged 13 basis points.

Despite aggressive interest rate hikes by the Fed aimed at curbing inflation, the CPI's decline in yearly growth has been ...

Consumer inflation increased 2.9% in 2024, which is above the Federal Reserve's goal of 2%, but wages overall more than kept ...

Wall Street sees best CPI day since at least late 2023; Goldman Sachs and JPMorgan kick off the new earnings season ...

XRP (CRYPTO: XRP) is posting big gains in Wednesday's trading. The cryptocurrency was up 12.6% over the previous 24 hours of trading as of 11:30 a.m. ET. Meanwhile, Bitcoin was up 3%, and Ethereum was ...

SoundHound AI is seeing strong gains today, thanks to bullish inflation news. The stock is also getting a boost from an analyst price-target increase. Over the last year, the company's share price is ...

The Fed has considered the inflation rate a key factor in its monetary policy decisions. The Fed’s key short-term interest ...

The price gap between groceries and restaurants continued to narrow in December, according to the latest Consumer Price Index released Wednesday. CPI data for December indicated that prices for ...

BTC price strength accompanied the December print of the US Consumer Price Index ( CPI ), which met expectations. Like the ...

Major U.S. indices surged Wednesday after consumer inflation came in lower than expected, and major banks posted strong ...

The consumer price index (CPI) rose 2.9 percent year-over-year in December, the largest annual increase since July. When ...