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, the three major US stock indexes fell sharply in midday trading and continued to rise throughout the week. 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 by more than 3%, and Tesla fell by more than 3%. Microsoft hit a record high for three consecutive days, and at one point surpassed Apple in market capitalization; Nvidia ended six consecutive gains and fell from an all-time high, but it still rose 11% throughout the week. J.P. Morgan Chase rose more than 3% after the earnings report, then turned down. Bank of America fell more than 1%, Wells Fargo fell more than 3%, and Citibank closed up 1%. Overall, in terms of US stocks, 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 once again raised market concerns about interest rate cuts, causing the price of US Treasury bonds to fall. The two-year US Treasury yield fell 17 basis points in the intraday period, hitting an eight-month low. The US dollar index fell for a while. Last year, the Federal Reserve lost 114.3 billion US dollars, which made America's deficit problem worse and an unprecedented situation. Three signs indicate that another crisis may unfold in March. Goldman Sachs said that European and American central banks may need to start adopting easing policies.
Bitcoin fell below $44,000 in the intraday period, falling more than $5,000 from the two-year high on the ETF listing date. Bitcoin spot ETFs fell by at least 5% the day after listing.
The Red Sea conflict escalated, and crude oil rose more than 4% in the intraday period, but then regained most of the gains...