USD/CAD jumps as hot US CPI boosts Fed ‘higher for longer’ interest rates bets
The USD/CAD pair climbs to near 1.4340 in North American trading hours on Wednesday. The Loonie pair gains as the US Dollar ...
January US CPI Report Shows Inflation at a 3.0% Annual Rate
Economists expected consumer prices to rise 0.3% on a monthly basis in January, and for the annual inflation rate to rise to ...
CPI Report: January Inflation Surpasses Estimates, Shocks Markets
Consumer Price Index (CPI) report is out and the stock market isn’t reacting well to the latest inflation measurement. The bad news ...
Dow falls nearly 400 points as Treasury yields surge after strong CPI inflation report
U.S. stock indexes were tumbling on Wednesday morning after January's hotter-than-expected CPI inflation report sent the 10-year Treasury yield to its highest level in nearly three weeks. The Dow ...
Inflation Rises Unexpectedly, Complicating Picture for the Fed
U.S. inflation rose to 3 percent in January, strengthening the case for the Federal Reserve to extend a pause on interest rate cuts.
CPI Inflation Was Higher Than Expected In January
Inflation rose unexpectedly in January, with the Consumer Price Index rising 3% over the last 12 months, up from 2.9% in December. Forecasters had expected inflation to slow down, but prices for food, ...
After CPI inflation report, fed-funds futures traders push back Fed rate-cut expectations
Traders in the federal-funds futures market on Wednesday morning pushed back their expectations for the Federal Reserve to cut its benchmark interest rate to the fourth quarter of 2025, after weighing ...
Higher Grocery Costs Drive Up Overall Food Prices
U.S. shoppers still can’t get a break at the grocery store. Overall food prices rose 0.4% last month, an acceleration from ...