Tag Archives: December

Inflation increases more than expected in December

Inflation increases more than expected in December

Consumer prices increased more than expected in December as investors continue to look for signs the Federal Reserve can begin to cut interest rates. The December Consumer Price Index (CPI) showed prices ticked up slightly at 0.3% over last month, an increase from the 0.2% seen in November. Prices rose 3.4% over the prior year, an increase from the 3.1% increase seen the month prior. Economists had expected prices to increase 0.2% month over month and rise 3.2% year over year, according to… Source link

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Lower gas prices pull inflation back to 6.3% in Canada in December

Lower gas prices pull inflation back to 6.3% in Canada in December

A person shops in the beverage aisle at a grocery store in Toronto, Ontario, Canada November 22, 2022. REUTERS/Carlos Osorio Inflation in Canada increased 6.3 per cent in December from last year, Statistics Canada said on Tuesday, as gas prices fell but mortgage interest costs continue to rise and the cost of food remains stubbornly high. December’s increase in the Consumer Price Index (CPI) marks the third straight month where the annual rate of inflation decreased from the prior month. In… Source link

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Lower gas prices pull inflation back to 6.3% in Canada in December

Lower gas prices pull inflation back to 6.3% in Canada in December

A person shops in the beverage aisle at a grocery store in Toronto, Ontario, Canada November 22, 2022. REUTERS/Carlos Osorio Inflation in Canada increased 6.3 per cent in December from last year, Statistics Canada said on Tuesday, as gas prices fell but mortgage interest costs continue to rise and the cost of food remains stubbornly high. December’s increase in the Consumer Price Index (CPI) marks the third straight month where the annual rate of inflation decreased from the prior month. In… Source link

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Fed officials see ‘eye-popping’ inflation data in rearview after December slowdown

Fed officials see ‘eye-popping’ inflation data in rearview after December slowdown

Inflation pressures eased again in December, giving some Federal Reserve officials more confidence that a continued slowdown in its interest rate increases is warranted. In the final month of 2022, inflation as measured by the Consumer Price Index showed prices rose 6.5% over last year while falling 0.1% over the prior month. Philadelphia Fed President Patrick Harker said Thursday morning he expects the “eye-popping” inflation readings of 2022 are behind us, and that it makes sense to slow… Source link

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Google December 2022 link spam update done rolling out

Google December 2022 link spam update done rolling out

Google has confirmed that the December 2022 link spam update is now finished rolling out. The update took 29 days to roll out, starting on December 14, 2022 and ending on January 12, 2023. Google has posted it was completed today, January 12. What is a link spam update. A link spam update looks to neutralize, or no longer count, links that Google finds to be spammy and against Google’s guidelines. Google wrote that this launch “may change as… Source link

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Stock market news live updates: December 27, 2022

Stock market news live updates: December 27, 2022

U.S. stock futures pointed to gains at Tuesday’s open as Wall Street returned from the long holiday weekend to barrel through the final four trading days of 2022. Futures tied to the S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) each advanced 0.7%. Contracts on the technology-heavy Nasdaq Composite (^IXIC) were up 0.5%. A move by China to scrap quarantine requirements for inbound travelers beginning Jan. 8 gave sentiment a boost, with the country broadening its reopening after… Source link

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