PRICES RISING 2.7% FROM A YEAR AGO. THAT WAS COOLER THAN EXPECTED. THE PRINT SENDING ODDS OF A MARCH RATE CUT TO OVER 50% RIGHT NOW.JOINING US NOW IS PIMCO GLOBAL ECONOMIC ADVISOR, FORMER FEDERAL RESERVE VICE CHAIR RICHARD CLARIDA. IT'S GREAT TO HAVE YOU HERE. >> WELCOME BACK.YEAH. ALWAYS ENJOY IT. >> SO HOW MUCH DO YOU READ INTO THIS INFLATION PRINT.>> I THINK THERE'S SOME GOOD NEWS HERE. OBVIOUSLY DISTORTIONS WITH THE SHUTDOWN AND SOME SEASONALS. BUT I THINK YOU TAKE THE GOOD NEWS WHEN YOU CAN CAN GET IT. ...

Joining us now is Pimco, global economic adviser, former Federal Reserve vice chair Richard Clara. It's great to have you here. Welcome back.>> Yeah, always enjoy it. >> So, how much do you read into this inflation print. >> I think there's some good news here.Obviously, distortions with the shutdown and some seasonals. Uh uh but I think you take the good news when you can can get it. Um and I think it reinforces the message out of the Fed last week, which is inflation is still pretty stubborn, but it's it' ...

Thursday's inflation data come with a number of caveats, but it keeps the rate cut dream alive, @jonathanjlevin says (via @opinion) https://t.co/uzGUTQoPAC ...

The first inflation report since the government shutdown ended last month is now out. Inflation rose by 2.7% in November year-over-year. There is no month overmonth figure because the October report was cancelled due to the shutdown.What we're talking about here are better than expected numbers. If we're talking about November to November of last year, over that year period, prices increased by 2.7%. That was below what economists had expected.They were expecting something closer to 3.1%. So inflation being ...

The average rate on a 30-year U.S. mortgage edged lower this week, staying relatively close to its low for the year. The decline brings the average long-term mortgage rate to 6.21% from 6.22% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.72%. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also fell this week. The rate averaged 5.47%, down from 5.54% last week. A year ago, it averaged 5.92%, Freddie Mac said. ...

Corporate News - Shares of Broadcom (AVGO) and Oracle (ORCL) rebounded more than 1% in premarket trading after closing down 4.5% and 5.4% respectively [3] - AI chipmakers Nvidia (NVDA) and Advanced Micro Devices (AMD) also saw a recovery, with shares up more than 1% in premarket trading after finishing down 3.8% and 5.3% [3] - Micron Technology (MU) shares surged over 10% following earnings that exceeded analysts' expectations, driven by increased demand for AI hardware [4] - Tesla (TSLA) shares advanced about 1.5% in premarket trading after a 4.6% drop the previous day [4] - Nike (NKE) and FedEx (FDX) shares rose 0.8% and 0.6% respectively ahead of their quarterly results scheduled for later today [4]

Wage growth recently outpaced inflation, offering short-term relief that has yet to translate into sustained financial security.Inflation is easing overall, but consumers are still paying more for food, beverages and everyday retail goods.After weeks of a government shutdown, economic data continue to roll in, and the latest inflation figures sketch a picture that is far from definitive.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information ...

The "smart money" predicted inflation was going to increase last month.Instead inflation went down.It is time for the Fed to cut larger, GDP to grow faster, and asset prices to go higher. https://t.co/o42CmFmTZn ...

Let's go to MS Now reporter Laura Baron Lopez at the White House. Also with us, University of Michigan economics and public policy professor Justin Wolfers. Laura, how's the White House reacting to this new inflation report.And what was the goal of last night's speech. >> Well, the White House is praising this new inflation report, claiming that essentially it says what the president was trying to argue to the American people last night in his address uh in his address. And so we have a post from Caroline L ...

Key Points The Consumer Price Index (CPI) rose 2.7% annually in November, below estimates at 3.1%. Investors cheered the news as it could encourage the Fed to lower rates. Retailers are seeing consumers trade down to cheaper products. 10 stocks we like better than S&P 500 Index › Two days after investors received an employment report that showed the labor market continuing to wobble, investors got a key economic report with better news. Inflation, as measured by the Consumer Price Index (CPI), ...