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    • US consumer inflation rises to 2.9% in December

      US consumer inflation rises to 2.9% in December

      The consumer price index (CPI) accelerated to 2.9 percent last month from a year ago, up from 2.7 percent in November, the Labor Department said in a statement.

    • US stocks: Dow Jones tops 40,000 for the first time

      US stocks: Dow Jones tops 40,000 for the first time

      The 30-stock index has more than doubled from its pandemic low in March 2020.

    • US inflation accelerates in Dec, tempering case for fed to cut rates

      US inflation accelerates in Dec, tempering case for fed to cut rates

      The consumer price index increased 3.4% in the year through December, the most in three months according to government figures.

    • US inflation gauge tracked by Fed accelerated in January

      US inflation gauge tracked by Fed accelerated in January

      US consumer prices rose 0.6% from December to January, up sharply from a 0.2% increase from November to December. On a year-over-year basis, prices rose 5.4%, up from a 5.3% annual increase in December.

    • Oil up more than $1/bbl on US inflation data, demand hopes

      Oil up more than $1/bbl on US inflation data, demand hopes

      The market is also bracing for an additional curb on Russian oil supply due to sanctions over its invasion of Ukraine.

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