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Latest reporting and analysis tagged with inflation.
US stocks fell Wednesday with tech and bank shares declining. Inflation data showed sticky prices, metals surged to records, and the Supreme Court delayed a tariff ruling.
A recent study shows nearly half of American workers have less than $1,000 in savings, with 75% living paycheck to paycheck amid high inflation and stagnant wages.
December's core CPI held at 2.6%, matching the previous three months. Fed officials Williams and Musalem suggest rates are near neutral, indicating a pause in cuts is likely at the upcoming meeting.
US stocks fell Tuesday as inflation held steady and JPMorgan's earnings missed expectations. The Dow dropped 0.8%, while the S&P 500 and Nasdaq also declined. Federal Reserve Chair Jerome Powell faces a Justice Department investigation, drawing criticism from President Trump and support from bankers.
Mortgage rates remain in the low-6% range, with economists offering mixed predictions for 2026. Experts cite inflation and other factors as key to future rate movements.
The Bureau of Labor Statistics released December's Consumer Price Index, showing a 2.6% annual rise in core inflation. This figure matched September and November levels, indicating stagnant inflation unlikely to prompt immediate Federal Reserve action on interest rates.
US stock futures fell Wednesday as investors monitored bank earnings, inflation data, and rising tensions with Iran. Oil and precious metals climbed.
A Credit Karma survey shows nearly half of Americans report worsened finances in 2025, with top regrets including insufficient savings, impulse spending, and high-interest debt, though 45% remain hopeful for 2026.
New car prices have surged, pushing monthly payments to record highs. Buyers are increasingly opting for longer loans, including 100-month terms, to manage costs, though this raises concerns about total interest and being underwater.