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US inflation rises to 2.9%, far above Fed’s target. Bitcoin is in major trouble
The latest Consumer Price Index (CPI) figures for December have rattled markets, throwing the Federal Reserve’s inflation strategy into question. The U.S. Department of Labor reported a 0.4% increase ...
US inflation picked up in December, though underlying price pressures ease slightly
U.S. inflation picked up last month as prices rose for gas, eggs, and used cars, yet underlying price pressures also showed signs of easing a bit. Wednesday’s report from the Labor Department showed ...
The US economy just had another robust year
Another year of robust economic growth is in the books, underscoring how the Biden administration handed President Donald ...
One chart shows that low-income Americans get hit hardest by inflation
The dynamic is reflected in the chart below, which shows low-income inflation increases outpacing those for the other four ...
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US consumer inflation rises to 2.9 percent in December
US consumer inflation rose for a third straight month in December as energy prices rose, according to government data published Wednesday, adding pressure on the Federal Reserve to pause rate cuts.
US inflation ticks up again — but Dow surges as key Fed gauge dips
US consumer prices showed no signs of cooling in December amid higher costs for energy goods, but the Federal Reserve’s preferred inflation gauge dipped — leading to a rally on Wall Street. The ...
US economy resilient despite moderation in growth in fourth quarter
U.S. economic growth slowed in the fourth quarter as a strike at Boeing depressed business investment in equipment, but ...
Federal Reserve holds interest rates steady amid inflation uncertainty
The Federal Reserve held interest rates steady at its January meeting following three consecutive rate cuts amid uncertainty ...