US consumer inflation rose for a third straight month in December as energy prices jumped but a widely watched measure eased slightly, raising hopes that underlying inflation may be moderating.One of the biggest drivers of inflation in December was the energy index,

President Joe Biden is facing renewed criticism for his economic policies following the recently released Consumer Price Index’s (CPI) December 2024 report.

Excluding food and energy, core CPI gained 0.2% from a month earlier, after increasing 0.3% in each of the previous four months. The latest print slightly trailed the +0.3% consensus and the prior month's +0.3%. The core measure's Y/Y rise of 3.2% inched down from 3.3% in November and fell short of the +3.3% consensus.

Asia market update: JPY spikes on further BOJ hike speculation; Softer US CPI drives financials higher; BOK dovish hold; Mixed AU jobs; Focus on US Dec Retail Sales.

This post was written by Angel Smith The US Bureau of Labor Statistics reported that December’s CPI remained steady at ... as Donald Trump and the GOP take over all of Washington.

U.S. consumer prices rose in December by less than forecast, a welcome stepdown that helped arrest a deep selloff in bond markets and reinvigorate bets that the Federal Reserve will

Mohamed El-Erian shared Bloomberg's John Authers' analysis, warning that persistent inflation could hinder President-elect Trump's economic agenda as markets await December CPI data.

US consumer inflation rose for a third straight month in December as energy prices jumped but a widely watched measure eased slightly, raising hopes that underlying inflation may be moderating.

House Republicans are pushing for extensions of the 2017 tax cuts enacted by President-elect Donald Trump. Here’s what to know.

Not a single Republican voted in favor of Biden’s IRA, but a vow from Trump and a GOP Congress to repeal the act would mean significant job losses.

On the geopolitical front, the fear of Trump allowing 'all hell to break out' motivated Israel and Hamas to finally agree on a ceasefire set to begin on Sunday. The actual content of the deal has not changed much from preliminary plans, and the implementation remains uncertain. Importantly, the future governance of Gaza remains an open question.

Sen. Jim Justice (R-W.Va.) was officially sworn into his seat Tuesday, putting Republicans closer to having their full 53-member majority. Justice was sworn in by Sen. Chuck Grassley (R-Iowa), the chamber’s pro tempore and was joined by Sen.