The Wall Street Journal

Inflation ticks up to 2.9%, but underlying price gains are muted

Inflation ticks up to 2.9%, but underlying price gains are muted
(Image: Getty)
The Wall Street Journal
By Paul KiermanMarkets cheered a December inflation report that suggested underlying price pressures are easing, but the Federal Reserve still isn’t likely to cut interest rates anytime soon, given President-elect Donald Trump’s plans for the economy. The overall consumer-price index came in relatively hot, rising 2.9% over the year, the Labor Department said Wednesday. The index rose 0.4% from the previous month, driven by a 4.4% jump in gas prices.The so-called core CPI, which excludes volatile food and energy prices, rose 0....

More World

Oil prices fall over 6% after Iran attacks US military base
World

Oil prices fall over 6% after Iran attacks US military base

A US defence official said there were no known American casualties.

AFP 24 Jun 2025
CEO pink: This muted, dusty shade means power in the office
The Life

CEO pink: This muted, dusty shade means power in the office

In this hue, ‘I can totally own a situation,’ says one exec.