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The consumer price index rose 0.4% last month, the largest gain since March, after climbing 0.3% in November, the Labor Department's Bureau of Labor Statistics said. A 2.6% jump in the cost of ...
Cooler-than-expected inflation readings and positive bank earnings provided a string of good news for bulls, after a dismal start of the year.
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Better-than-expected Core CPI for December led to a sharp fall in US Treasury yields as stocks gained premarket, boosted by phenomenal banking results.
The Labor Department said its consumer price index climbed by 0.4 percent in December after rising by 0.3 percent in November. Economists had expected consumer prices to rise by another 0.3 percent.