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February’s Consumer Price Index (CPI) report showed inflation pressures eased in February, calming some fears about the health of the US economy during a rocky few weeks for markets.
(Bloomberg) — Shares in Asia followed Wall Street higher Thursday as easing US core inflation kept alive the prospect of Federal Reserve rate cuts this year. Most Read from Bloomberg Benchmarks in Australia, Japan and South Korea all notched gains. The S&P 500 closed Wednesday 1.8% higher, the benchmark’s best day since the November election, […]
US stocks rallied on Wednesday as high hopes for bank earnings paid off and a crucial consumer inflation update showed key prices increased less than expected in December. The benchmark S&P 500 (
Stocks traded mixed on Friday as investors embraced an inflation report seen as crucial to the Federal Reserve’s next decision on interest rate cuts. The S&P 500 (^GSPC) ticked just above the flatline after
US stock futures pointed toward gains as investors digested an inflation report seen as crucial to the Federal Reserve’s next decision on interest-rate cuts. S&P 500 futures (ES=F) were up 0.2%, on the heels of
The pay gap between job stayers and job changers narrowed in May in the latest sign that the US labor market is cooling from a hot start to 2024. New data from ADP released Wednesday showed that the median year-over-year pay increase for job switchers fell to 7.8% in May, from a recent spike of […]
By Nicole Jao NEW YORK (Reuters) -Oil prices were moderately lower on Wednesday as worries over conflict in the Middle East eased and business activity in the world’s largest oil consumer slowed, however, a fall in U.S. crude oil inventories put a floor on those losses. Brent crude futures were down 27 cents, or 0.31%, […]
US stocks fell on Tuesday, sliding away from recent highs as investors digested a hotter-than-expected January inflation report that showed prices cooling slower than forecasts anticipated. The S&P 500 (
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