U.S. stocks drifted to a mixed finish Wednesday after the latest inflation update built hope that more help for the economy will arrive next month through a cut to interest rates.
The Nifty 50 ended Wednesday’s session at 23,559, down 324 points, or 1.4 per cent, while the Sensex closed at 77,691, a decline of 984 points, or 1.3 per cent. Since the record highs of September 26, ...
The Dow and the S&P 500 ended slightly higher on Wednesday while the Nasdaq lost ground after October data showed consumer ...
The Labor Department on Wednesday reported that consumer prices in October rose 2.6% from a year earlier. That marks a pickup ...
The wait is on for fresh consumer inflation data as investors weigh whether a Donald Trump White House would whip up price ...
The new numbers have boosted hopes that more help for the economy will arrive next month from another cut to interest rates.
The consumer price index rose 0.2% in October for the fourth straight month, and advanced 2.6% on an annual basis.
Wall Street's three major indexes rose on Wednesday after October data showed consumer prices rising in line with ...
The Fed doesn't base its interest-rate moves on the CPI, however. The central bank prefers the less publicized personal-consumption expenditures, or PCE, price index as the best measure of inflation.
Many economists and investors worry that Trump’s economic agenda will be inflationary. In addition to tax cuts, Trump has ...