European Shares Rise as Investors Focus on Earnings and US Inflation Data
European shares rose on Monday, while US stock futures remained broadly steady as investors looked beyond surging oil prices to the start of the third-quarter earnings season and key US inflation data. The pan-European...
U.S. Inflation Accelerates in August, Raising Fed Rate-Hike Expectations
U.S. consumer prices accelerated in August, with the Consumer Price Index (CPI) rising 0.4% after a 0.1% increase in July, according to the Labor Department’s Bureau of Labor Statistics. Annual inflation held at 3.4%,...
U.S. Inflation Likely Picked Up in December as Shutdown Distortions Fade
U.S. consumer prices likely accelerated in December as temporary distortions caused by the 43-day government shutdown began to unwind, strengthening expectations that the Federal Reserve will keep interest rates unchanged this month. The shutdown...