The Latest Breaking News from Inflation

Inflation rises to 2.7%, as expected, but markets still expect a quarter point Fed rate cut next week

US inflation figures will today provide Wall Street with a steer on the outlook for interest rate cuts in 2025.

Annual inflation in the United States may have ticked up last month in a sign that price increases remain elevated even though they have plummeted from their painful levels two years ago

Asian stocks are mixed after U.S. indexes drifted lower ahead of an update on consumer inflation readings due later Wednesday

Markets diverged on Wednesday ahead of US inflation data that could play a key role in the Federal Reserve's interest rate decision next week, while traders were also keeping tabs on Beijing hoping for more economic support measures.

The Nasdaq hit a new record early Tuesday but drifted lower into the closing bell.

Inflation is predicted to average 2.5% this year and 2.6% next year, according to forecasts from the Office for Budget Responsibility.

Inflation is predicted to average 2.5% this year and 2.6% next year, according to forecasts from the Office for Budget Responsibility.

Biden cautioned Trump against gutting his signature accomplishments and imposing tariffs

The government of Canada has announced its plans for a temporary tax break by exempting GST/HST on certain items during the holiday season from Dec. 14, 2024 to Feb. 15, 2025. The legislation to enact the tax break has cleared the House of Commons and is now awaiting Senate approval.

The FTSE index lost 71.72 points, or 0.86%, to close at 8,280.36.