The CPI increased 0.3% for the month, higher than the 0.2% estimate. On a 12-month basis, the CPI closed 2023 up 3.4%. Economists surveyed by Dow Jones had been looking for readings of 3.3%.
Food costs were up 2.7% compared with one year ago, down from 2.9% YoY compared to last month.
Energy costs decreased by 2.0% YoY. Energy costs decreased by 5.4% YoY in November.
Used cars and trucks prices decreased by 1.3% YoY.
Shelter costs were up ...

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Hi everyone, the wait is finally over! We're proud to release the Moo Community 2023 Recap Video!
Our team has crafted an upbeat rap from your posts, making this video full of energy. Join us in looking back at the past year's big moments, where our mooers showed great determination and made ...

Today is January 15th. Last Friday, all three major U.S. stock indexes fell during midday trading, but ended the week with gains. The S&P 500 index rebounded to a two-year high at the close, while the Dow Jones index fell more than 100 points. After the earnings report, UnitedHealth's stock price fell more than 3%, and Tesla's decline exceeded 3%. Microsoft hit a new all-time high for three consecutive days, surpassing Apple in market cap. Nvidia ended a six-day rally and fell from its historical high, but still rose 11% for the week. JP Morgan Chase initially rose more than 3% after its earnings report, then fell, while Bank of America fell more than 1%, and Wells Fargo & Co fell more than 3%, while Citigroup closed with a 1% gain. Overall, in the U.S. stock market, the Dow Jones index fell 0.31%, the S&P 500 index rose 0.08%, and the Nasdaq index rose 0.02%.
The rise in the Producer Price Index (PPI) has reignited concerns about interest rate cuts, causing U.S. Treasury prices to fall. The yield on two-year U.S. bonds fell 17 basis points intra-day, hitting an eight-month low. The U.S. dollar index also fell temporarily. Last year, the Federal Reserve reported a loss of $114.3 billion, exacerbating the already severe deficit problem in the United States and creating an unprecedented situation. Three signals indicate that a crisis may occur again in March. Goldman Sachs stated that central banks in Europe and the United States may need to begin implementing loose monetary policies.
Bitcoin fell below $0.044 million during trading, a drop of over $5,000 from its two-year high on the day of the ETF listing. Bitcoin spot ETF fell at least 5% on the day after listing.
The conflict in the Red Sea escalated, causing crude oil to rise by over 4% during trading, but later giving back most of the gains...