A last-minute surge in spending helped many major retailers report better-than-expected sales in December, a relief for stores that make up to 40 percent of annual revenue during the holiday period.
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BING NEWS:
- Wall Street edges higher after inflation data keeps Fed rate-cut hopes intact
The consumer price index rose 0.2% in October for the fourth straight month, and advanced 2.6% on an annual basis.
11/13/2024 - 7:04 am | View Link - Inflation Report Keeps December Rate Cut in Play
The October consumer-price index keeps the door open for Federal Reserve officials to cut interest rates at their meeting next month. A monthly rise of 0.28% in prices, excluding volatile food and ...
11/13/2024 - 2:29 am | View Link - After inflation report, federal-funds futures point to higher chance of December rate cut
Shortly after a fresh inflation report, federal-funds futures showed an increased probability that the Federal Reserve will lower its benchmark interest rate in December. The probability of a ...
11/13/2024 - 1:04 am | View Link - 'We'll make a decision as we get to December': Fed's Powell
Fed Chair Jerome Powell told reporters that economic activity has "in the main" been stronger than expected since the central bank's September update of its so-called dot-plot forecasts. Overall, they ...
11/7/2024 - 7:03 am | View Link - More
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