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Tech stocks drag on S&P 500, Nasdaq after inflation data ReutersUS inflation gauge ticks higher with price pressures still stubborn The Associated PressStocks Barely Budge After Data With Eyes on PCE: Markets Wrap BloombergPCE Inflation Report: October Price Growth Remained Stubborn Barron's
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An annual study of food prices in Thanksgiving meals records a five percent drop this year compared to 2023, reflecting lower inflation.
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The rate of inflation rose in October and moved further away from the Federal Reserve's 2% goal, confirming a recent uptick in prices that could cajole the central bank into cutting interest rates less aggressively.
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Treasury yields were trimming earlier declines after a barrage of pre-Thanksgiving economic data added to the case for gradual Fed rate cuts .
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Inflation has been stubborn in recent months. Now, President-elect Donald J. Trump's tariffs loom as a potential risk.
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