Joining us now is Pimco, global economic adviser, former Federal Reserve vice chair Richard Clara. It's great to have you here. Welcome back.>> Yeah, always enjoy it. >> So, how much do you read into this inflation print. >> I think there's some good news here.Obviously, distortions with the shutdown and some seasonals. Uh uh but I think you take the good news when you can can get it. Um and I think it reinforces the message out of the Fed last week, which is inflation is still pretty stubborn, but it's it' ...

The average rate on a 30-year U.S. mortgage edged lower this week, staying relatively close to its low for the year. The decline brings the average long-term mortgage rate to 6.21% from 6.22% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.72%. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also fell this week. The rate averaged 5.47%, down from 5.54% last week. A year ago, it averaged 5.92%, Freddie Mac said. ...

Stock futures pointed higher ahead of delayed Consumer Price Index data Thursday, with the blue-chip Dow Jones Industrial Average and benchmark S&P 500 aiming to end four-session losing streaks.  Futures associated with the tech-heavy Nasdaq, S&P 500, and Dow were up 0.8%, 0.5%, and 0.2%, respectively. Yesterday, they closed down a respective 1.8%, 1.2%, and 0.5%, as AI bubble concerns resumed. The belated inflation report at 8:30 a.m. ET is expected to show the Consumer Price Index rose 3.1% over the ...

Wage growth recently outpaced inflation, offering short-term relief that has yet to translate into sustained financial security.Inflation is easing overall, but consumers are still paying more for food, beverages and everyday retail goods.After weeks of a government shutdown, economic data continue to roll in, and the latest inflation figures sketch a picture that is far from definitive.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information ...

Key Points The Consumer Price Index (CPI) rose 2.7% annually in November, below estimates at 3.1%. Investors cheered the news as it could encourage the Fed to lower rates. Retailers are seeing consumers trade down to cheaper products. 10 stocks we like better than S&P 500 Index › Two days after investors received an employment report that showed the labor market continuing to wobble, investors got a key economic report with better news. Inflation, as measured by the Consumer Price Index (CPI), ...

The first fresh inflation reading since the government shutdown showed prices unexpectedly eased in November, though the report may not immediately change the Fed’s outlook because of potential distortions in the data. “This looks like positive news overall, but the lack of detail and the absence of data collection during the shutdown introduce a degree of skepticism that’s hard to ignore,” said Olu Sonola, head of US economic research for Fitch Ratings. “We’ll need to wait until next month for a clearer ...

Key Takeaways CPI Inflation and Jobless Claims Both Come in Lower than ExpectedPre-market Futures Gain Substantially on the NewsWill Bullish Sentiment Return Today? What's to Stop It?Thursday, December 18, 2025The final big economic shoe to drop this week did so in pleasing fashion: the Consumer Price Index (CPI) report for November came in below expectations in a big way: +0.2% on headline and core (subtracting volatile food and energy prices) are below the +0.3% expected for both prints, which were where ...

Overseas stock markets are mixed today. The Euro Stoxx 50 is up +0.73%. China’s Shanghai Composite closed up +0.16%. Japan’s Nikkei Stock 225 fell to a 3-week low and closed down -1.03%.The markets are discounting a 27% chance that the FOMC will cut the fed funds target range by 25 bp at the next FOMC meeting on January 27-28.This week's market focus will be on US economic news. On Friday, Nov existing home sales are expected to be up +1.2% m/m to 4.15 million. Also, the University of Michigan Dec consumer ...

Bitcoin and Ethereum grew volatile on Thursday, whipsawing after a widely watched inflation gauge indicated that consumer prices rose less than expected last month. The cryptocurrencies respectively popped as high as $89,000 and $2,980 before U.S. markets opened, as delayed data from the Bureau of Labor Statistics edged rate cut hopes higher. However, when the opening bell rang, Bitcoin and Ethereum wavered. As of this writing, Bitcoin had fallen 1.6% over the past week to $88,399, according to CoinGecko. ...

Chief UK economist Sanjay Raja said the members of the MPC at the Bank of England had become “increasingly focused on an uncertain neutral rate” where borrowing costs neither stimulate nor restrict the economy.Interest rates will be cut in March and June next year amid a sharp drop in inflation and a “deteriorating” jobs market, Deutsche Bank said.Cheaper deals have already started to hit the market, as lenders are pricing Thursday’s decision into their current deals – as well as one or two further cuts exp ...