U.S. consumer prices rose in December, pointing to elevated inflation and fewer interest rate cuts by the Federal Reserve.
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, ...
In 2025, millions of Americans will see a modest increase in their Social Security checks due to the Cost of Living ...