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

and shelter costs are among the areas believed to have kept the CPI elevated. Inflation remains above the Fed’s target, and it’s widely believed that a rate cut is off the table for January ...

Options traders are bracing for the equity gauge’s busiest CPI day since March 2023. The index is expected to move 1% in either direction on Jan. 15, based on the cost of at-the-money puts and ...