The hot core CPI inflation reading came as core goods prices rose 0.3%, the highest since May 2023. Services prices also were hot, rising 0.5%. Hotel and motel prices jumped 1.7% on the month.

Markets initially put more weight on the jobless-claims spike than on the hot core CPI inflation reading. After CPI and jobless claims data, odds of a rate cut on Nov. 7 jumped to around 90% ...

Scott Anderson, chief U.S. economist at BMO Capital Markets "The March CPI data once again came in a bit too hot for comfort. Today's inflation data are likely to keep the FOMC's doves on the ...

Both the annual and headline CPI figures were hotter than the estimates ... "The Fed will see January's hot inflation print as confirmation that price pressures continue to bubble beneath the ...

Another hot CPI print in March just buried the rate cut narrative. The March CPI and core CPI report came in at 0.4% m/m vs. estimates for 0.3%. Meanwhile, the headline CPI came in at 3.5% y/y ...

"The smallest gain in core CPI since 2021 surely gives the Fed confidence that the hot CPI readings [in the first quarter] were a bump in the road, and builds momentum for multiple rate cuts this ...

U.S. investors are "wired tight" over the Federal Reserve's progress on disinflation, which could bring more volatility to the financial markets, said Ron Conzo, chief executive officer and ...

Investors should immediately buy the stock market decline that was induced by a hot March CPI report on Wednesday, according to Fundstrat's Tom Lee. Lee said that when you dive deep into the ...

Data by YCharts Inflation was fairly hot in 2008. The August 2008 CPI showed a rate of 5.4% year over year, released around the same time Lehman failed. However, the core inflation numbers were ...

The closely watched U.S. December CPI report comes out on Wednesday morning. Headline annual inflation is seen rising by 2.9% and core CPI is forecast to increase by 3.3%. A hot CPI print would ...