Inflation Stays Firm, but Not Enough to Derail December Fed Cut
The Labor Department on Wednesday reported that consumer prices in October rose 2.6% from a year earlier. That marks a pickup in the pace of inflation from September, when prices were up 2.4% on the year.
A December Rate Cut Is Still in the Cards After Inflation News
The consumer price index may not have shown another month of cooling inflation in October, but economists believe enough progress has been made for Federal Reserve officials to cut interest rates again in December. Headline inflation was 2.6% last month ...
Traders bet on Fed December rate cut after inflation data
Traders of contracts that settle to the Federal Reserve's policy rate moved Wednesday to price in a firmer chance of another quarter-point interest-rate cut at the central bank's meeting next month, after a government report showed consumer inflation rose in October in line with economist expectations.
Inflation Report Keeps December Rate Cut in Play
The October consumer-price index keeps the door open for Federal Reserve officials to cut interest rates at their meeting next month. A monthly rise of 0.28% in prices, excluding volatile food and energy items,
Odds of a December Interest-Rate Cut Jump After Inflation Matches Expectations
Wall Street gained confidence that the Federal Reserve will opt for another quarter-point interest-rate cut in December after the consumer price index for October matched expectations. Traders saw a 79.
5 Top Stocks To Buy In December 2024
Looking for the latest stock opportunities in December 2024? We have you covered. Click to read our top stock picks to ...
Social Security update: December direct payment worth $943 goes out in 18 days
December’s Supplemental Security Income payment, worth up to $943, will go out to millions of beneficiaries in 18 days. The ...
Remains of WWII airman from North Adams to be buried in December
Bernard J. Calvi, 23, a US Army Air Force private, was one of thousands of US and Filipino service members held in Cabanatuan ...
No. 1 Prospect AJ Dybantsa Expects to Move CBB Commitment Date Up to December
Highly touted forward AJ Dybantsa might have his mind made up ahead of schedule. "The original plan was to commit in February ...
We found the best prices on Eagles Las Vegas Sphere tickets for December
If you want to spend “One Of These Nights” with The Eagles, seats can be scooped up for all four December Sphere shows. At ...
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December 6 is Going to Be a Massive Day for Fortnite Fans
Epic Games makes a bombshell announcement that should have Fortnite fans circling December 6 on their calendars.
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Oilers vs. Lightning December 10 Tickets & Start Time
Leon Draisaitl and Nikita Kucherov are two of the top players to keep an eye on when the Edmonton Oilers meet the Tampa Bay ...
Open Streets return to Rittenhouse Square for two Sundays in December
Seven blocks in Rittenhouse Square will be closed to traffic on Dec. 7 and Dec. 15 to encourage holiday shopping along Walnut ...
Rehn Says ECB December Cut Likely With Disinflation On Track
European Central Bank Governing Council member Olli Rehn said a December interest-rate cut is likely and further reductions ...
A full list of December holidays and observances in 2024
When it comes to holidays and observances, December just might be the busiest month of the year. Between the first day of the month and the very last, you've got the Winter Solstice, Christmas Eve, ...