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), ...

Inflation Data Overview - The Consumer Price Index (CPI) rose by 2.7% in November, lower than Wall Street's expectation of 3.1% [2] - Core inflation, excluding food and energy prices, was reported at 2.6%, compared to estimates of 3% [2] - Over the two-month period since September, both headline and core CPI increased by only 0.2% [3] Impact of Government Shutdown - The recent inflation data may not significantly alter the Federal Reserve's outlook due to data collection disruptions caused by the government shutdown [1][4] - The shutdown halted much of the price data collection by the Bureau of Labor Statistics, leading to skepticism about the reliability of the current inflation figures [2][4] Economic Perspectives - Economists view the latest inflation reading as progress towards the Federal Reserve's 2% inflation target, despite still being above the target [5] - The Fed is in a "wait-and-see" mode, with the latest data potentially opening the door for additional rate cuts [6] Sector-Specific Insights - A decline in rents contributed to the overall decrease in inflation, while core goods prices rose by 1.4% due to tariffs [7] - Services inflation, excluding energy prices, increased by 3%, down from 3.5% since September, indicating a trend that the Fed is closely monitoring [7] - Fed Governor Stephen Miran supports the view that lower rents can lead to reduced inflation, which may mitigate the impact of tariffs [8]

New data this morning from the Bureau of Labor Statistics shows inflation unexpectedly cooled in November. Let's bring in the co-anchor of CNBC Squawkbox and the New York Times columnist Andrew Ross Sorc. And Andrew, let's talk about the numbers and how maybe the the sort of disappointing jobless rate going up may have actually cooled other things off in the economy.So I I think we have to look I don't want to say with too much skepticism, but I think we have to look at this particular number with skepticis ...

Group 1: Economic Indicators - The Consumer Price Index (CPI) for November showed a headline increase of +0.2%, significantly below the expected +0.3% [1] - Year-over-year headline CPI, known as the Inflation Rate, came in at +2.7%, lower than the consensus expectation of +3.1% [1] - Core CPI year-over-year decreased to +2.6%, also surprising against expectations of +3.0% [1] Group 2: Energy and Food Prices - Energy prices rose by +1.1% over the two-month period, indicating potential for lower figures in the next CPI report [2] - Food prices increased by +0.1% and Shelter prices by +0.2%, suggesting inflation may be easing [2] - Prices for lodging away from home, recreation, and apparel decreased during this period [2] Group 3: Jobless Claims - Initial Jobless Claims for the previous week were reported at +224K, down from a revised +237K the prior week [3] - The 4-week average of Jobless Claims is now +217K, indicating a stable labor market [3] - Continuing Claims rose to 1.897 million from a revised 1.830 million, marking a significant decrease in long-term jobless claims [4] Group 4: Market Reactions - Pre-market futures for major indexes increased significantly following the CPI and jobless claims reports, with the Dow rising from +100 to +215 points [6] - The S&P 500 moved from +41 to +53, and the Nasdaq increased from +280 to +344 points after the news [6] - Bond yields moderated to +4.12% on the 10-year and +3.46% on the 2-year, reflecting positive market sentiment [6]

Bitcoin, Ethereum Rise Following Soft US Inflation Data► https://t.co/eOwG4Da8px https://t.co/eOwG4Da8px ...