Shares of Home Depot (NYSE: HD) were moving higher today after the core Consumer Price Index (CPI) was lower than expected for December. The news lifted stocks broadly, as falling inflation is good for the economy on a number of fronts,
The Consumer Price Index (CPI) is used as a chief barometer of inflation. But what is it and how is it calculated? CNBC Select explains below and recommends some cards that could help put money ...
Stocks rallied on January 15, following an encouraging consumer price index (CPI) report that indicated a slowdown in core inflation and strong earnings from major U.S. banks.
US stocks jumped on Wednesday after consumer price data showed inflation continues to slow. Strong bank earnings also helped lift sentiment.
The consumer-price index came in relatively hot, rising 2.9% over the year, the Labor Department. But the so-called core CPI, which excludes volatile food and energy prices, rose 0.2% from a month earlier, its smallest gain since July and less than the 0.3% increase expected by economists.
Better-than-expected Core CPI for December led to a sharp fall in US Treasury yields as stocks gained premarket, boosted by phenomenal banking results.
Yields and prices move in opposite directions. Bond yields took a leg down Wednesday morning after core inflation in the consumer price index, which excludes volatile food and energy prices, slowed to 3.2% on an annualized basis in December. That's ...
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The Consumer Price Index report for January is expected to show broadly unchanged annual inflation according to nowcasts. That may be broadly good news for the Fed.
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