S&P 500 ends down as hot US inflation data hints at fewer rate cuts
The S&P 500 ended down on Wednesday after a hotter-than-expected U.S. inflation reading added to worries that the Federal Reserve would not cut interest rates anytime soon, while CVS Health and Gilead Sciences rallied after upbeat quarterly reports.
US inflation picked up broadly at the start of the year, further undercutting chances of multiple Federal Reserve ...
U.S. producer prices increased solidly in January, offering more evidence inflation was picking up again and strengthening ...
WASHINGTON (Reuters) - U.S. inflation increased by the most in eight ... The central bank has forecast only two rate cuts this year, down from the four it had projected in September amid caution ...
Washington | US inflation picked up last month as prices ... “For now, we are maintaining our forecast for three 25 basis point rate cuts this year, though the risks are weighted toward fewer ...
US GDP slowed to 2.3%, missing the 2.7% forecast, raising concerns about ... highlighting ongoing inflation pressures, which could keep the Federal Reserve cautious on rate cuts.
The latest Consumer Price Index (CPI) reading saw prices rise by 0.4% monthly and 2.9% annually in December, the inflation data ... both data sets below forecasts. The Morning Brief hosts Seana ...
The U.S. Department of Labor reported a 0.4% increase in the monthly CPI after seasonal adjustment, overshooting the forecast of 0.3% and the previous value of 0.3%. On an annual basis, ...
The US Dollar faced renewed pressure ... The British pound (GBP) remains under pressure after UK inflation slowed to 2.5% in December, below the forecast of 2.6%. Markets now focus on the GDP ...
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