Used car prices jump most since May 2023 and could push higher as inventory shrinks
New and used car prices were mixed to start the year in January’s Consumer Price Index (CPI) reading, but used prices continued trending higher, with January’s jump the largest since May 2023.
Why U.S. Consumer Prices Increased More Than Expected in January
U.S. consumer prices increased more than expected in January, reinforcing the Federal Reserve’s message that it was in no rush to resume cutting interest rates amid growing uncertainty over the ...
Dow Jones Industrial Average tumbles as US inflation kicks higher
Nearly the entire Dow Jones equity board lost ground on Wednesday, although Boeing (BA) and Walmart (WMT) managed to stake out room on the green side. Both companies gained around 1.2%, with Boeing ...
Inflation rises to 3% in latest report - and the spike could have a major impact on the Trump agenda
Annual inflation increased to 3 percent from 2.9 percent in January, according to a Wednesday report from the Labor ...
'Jarring' CPI data makes rate hikes 'seem less inconceivable', says major Wall Street bank
January's hot CPI inflation report increases "our conviction that the cutting cycle is over" for the Federal Reserve, said a team of economists and strategists at BofA Securities. Calling Wednesday's ...