U.S. consumer prices rose in December, pointing to elevated inflation and fewer interest rate cuts by the Federal Reserve.
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IT, realty, and energy stocks posted gains, while pharma and auto stocks continued their downward trend, closing in the red.
The increase in the consumer price index for the 25-county region that includes Long Island was fueled in part by the cost of natural gas, electricity and housing.
The report highlighted that food and non-alcoholic beverages accounted for the largest share of the inflationary pressure, ...
T he US dollar fell on Tuesday amid uncertainty over the Trump administration’s tariffs policy but remained near two-year ...