Economists expect the Bureau of Labor Statistics to report a gain of 155,000 jobs, a step down from the surprising 227,000 increase in November.
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December Consumer Inflation In Line With Forecasts But Core CPI Falls Below Estimate: Retail’s Wary Despite Wall Street RallyMajor U.S. indices surged Wednesday after consumer inflation came in lower than expected, and major banks posted strong fourth-quarter earnings. According to the U.S. Bureau of Labor Statistics, the Consumer Price Index increased 0.
The Labor Department estimates the economy added 256,000 jobs in December, indicating a resilient economy and labor market. For the Federal Reserve, which was already signaling a slowdown in rate cuts,
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Wall Street soars on record bank profits and cooling inflation
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Wall Street rips higher on inflation data and strong bank profits
Stocks open sharply higher as Wall Street gets relief from softer-than-expected core CPI inflation data
U.S. stocks were surging on Wednesday morning as Treasury yields fell after core inflation data came in below expectations, boosting bets that the Federal Reserve will still be able to cut interest rates this year.
Stock futures jumped after Wall Street finally got an encouraging update on inflation. The producer price index rose 0.2% in December on a monthly basis, the Bureau of Labor Statistics said Tuesday. Economists polled by FactSet were forecasting a 0.
A hot December jobs report, combined with a murky inflation outlook for 2025, has some economists debating if the Federal Reserve may need to hike interest rates again.
Wall Street on Friday erased all the gains made in the fledgling year, after a hotter-than-expected jobs report. Read more here.
A byproduct might be that companies are more successful in returning employees to the office. There’s a new sign of a weakening labor market: unemployed white-collar workers having a hard time finding a new job, as the Wall Street Journal noted.
Banks were among Wednesday’s biggest gainers after several of Wall Street’s biggest lenders posted big rises in quarterly profits, driven by strength in investment banking and trading. Citigroup, Goldman Sachs and Wells Fargo all jumped about 6 per cent.
On Dec. 18, the central bank announced its third and final interest rate cut of the year, reducing its benchmark Federal Funds Rate by 0.25 percentage points to between 4.25% and 4.5%.
Cool wholesale inflation numbers provide only slight relief before Wednesday's release of December Consumer Price Index data.
A mood of cautious optimism dominated world markets ahead of the release of monthly U.S. CPI data that holds considerable sway over the Fed's easing plans. Positive earnings
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