The Latest Breaking News from Inflation

A holiday-thinned week got off to a healthy start after last week's sell-off sparked by the US central bank's outlook that suggested officials will not lower borrowing costs as much as previously hoped over the next 12 months.

Global markets show mixed performance with U.S. budget deal easing shutdown fears and Asian markets rising. U.S. stocks rally on lower inflation reports.

March S&P 500 E-Mini futures (ESH25) are up +0.12%, and March Nasdaq 100 E-Mini futures (NQH25) are up +0.48% this morning, extending Friday’s solid gains after muted U.S. inflation data helped reignite Federal Reserve rate cut bets, while investors also awaited a fresh batch of U.S. economic data this week.

March S&P 500 E-Mini futures (ESH25) are up +0.16%, and March Nasdaq 100 E-Mini futures (NQH25) are up +0.28% this morning, extending Friday’s solid gains after muted U.S. inflation data helped reignite Federal Reserve rate cut bets, while investors also awaited a fresh batch of U.S. economic data this week.

Economic issues, particularly living costs, were front and centre in 2024 as some 2 billion people went to the polls.

Asian markets rose Monday after big gains on Wall Street, with traders welcoming below-forecast US inflation data that tempered worries that the Federal Reserve will take a more hawkish tone with interest rates next year.

While the sector’s earnings have increased sixfold, poor bargaining power has left its employees among the lowest-paid in Australia and most vulnerable to inflation

Hewlett Packard, American Express and Pfizer among firms to have frozen increases in payouts despite inflation

US PBM reform efforts face setback as Congress fails to pass transparency measures. FTC takes action against major PBMs for alleged insulin price inflation.

"For investors, it is starting to look similar to 2022—too high inflation, rising interest rates, and falling stock prices."

The S&P 500 Index ($SPX ) (SPY ) on Friday closed up +1.30%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +1.25%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.23%. March E-mini S&P futures (ESH25 ) rose +1.08%, and March E-mini Nasdaq futures...