Market

Inflation stays hotter than expected, makes Fed rate cuts less likely this year

Published on: February 12, 2025, 06:02 PM UTC

Intel's stock surged after VP Vance promoted domestic chip manufacturing, highlighting the company's role as a leading US hope for AI chip production despite facing challenges and internal issues.

Published on: February 12, 2025, 06:02 PM UTC

Meta's strong fundamentals, rather than its relationship with President Trump, are driving its stock to record highs. Morgan Stanley analyst Brian Nowak believes the company's improving platform and advertising dynamics are behind its success.

Published on: February 12, 2025, 06:02 PM UTC

Car prices saw mixed trends in January, with new car prices flat but used car prices continuing to rise, with the largest monthly jump since May 2023. Overall inflation in the US rose 0.5%, the largest increase since August 2023.

Published on: February 12, 2025, 06:01 PM UTC

Inflation data released Wednesday showed consumer prices rose more than expected in January, with core prices reversing last month's easing. The Federal Reserve's path forward remains in focus. CPI increased 3% year-over-year, up from 2.9% in December, driven by factors like higher fuel and food costs. Core inflation, excluding volatile food and gas, rose 0.4% month-over-month and 3.3% year-over-year. Used-car prices contributed to the increase in core goods. Economists debate the impact of the data on the Fed's interest rate decisions, with some expecting a more cautious approach.

Published on: February 12, 2025, 06:01 PM UTC

January inflation data indicates a higher-than-forecasted 0.5% monthly increase and a 3% annual increase in consumer prices, driven by persistent food and gas costs and core inflation remaining elevated. This complicates the Federal Reserve's path forward and market expectations of interest rate cuts.

Published on: February 12, 2025, 06:00 PM UTC

US House Speaker Mike Johnson says President Trump may exempt autos and pharmaceuticals from reciprocal tariffs, hinting at a more nuanced approach to trade.

Published on: February 12, 2025, 06:00 PM UTC

Price growth unexpectedly spiked in January, reaching 3.3% over the past 12 months, exceeding expectations and posing a challenge to President Trump's economic agenda. Despite Trump's campaign promise to lower prices immediately, data shows slowing price growth may be more difficult than anticipated.

Published on: February 12, 2025, 05:05 PM UTC

Hotter-than-expected inflation data has led to a sell-off in stocks and a surge in bond yields, as investors bet the Federal Reserve will have limited room to cut rates this year.

Published on: February 12, 2025, 05:04 PM UTC

Federal Reserve Chair Jerome Powell says the latest consumer price data show that while the central bank has made substantial progress toward taming inflation, there is still more work to do.

Published on: February 12, 2025, 05:04 PM UTC