US Consumer Prices

The index for shelter was the largest contributor to the monthly all items increase, accounting for more than 70 per cent of the increase, Xinhua news agency reported

Excluding the volatile food and energy components, core CPI increased to 6.3% from 5.9% in July, putting further pressure on the Fed to continue on its rate-hiking spree

While last week's strong jobs report allayed fears of recession, inflation numbers this week showed the largest month-on-month deceleration of consumer price increases since 1973

The Walton family fortune fell $11.4 billion on Tuesday after Walmart Inc slashed its earnings outlook for the second time this year

Spot gold was down 0.4% at $1,719.49 per ounce by 09:35 a.m. ET (1335 GMT), after dropping to its lowest since August at $1,707.09 earlier in the session. US gold futures were down 0.6% at $1,714.60

US Treasury yields tumbled on market expectations that US consumer prices will come down close to the Federal Reserve's inflation target.

Tesla gains on surge in China sales, UBS upgrade; 10-year Treasury yield up at 3.04%; Brent above $123 a barrel

US consumer price data due to be released later on Thursday is expected to show the pace of annual price increases jumped to 7.9% last month from 7.5% in January

In the 12 months through February, the CPI shot up 7.9%, the biggest year-on-year increase since January 1982

In the 12 months through January, the CPI jumped 7.5%, the biggest year-on-year increase since February 1982

A robust inflation reading is expected to burnish gold's appeal as an inflation hedge, but interest rate hikes would raise the opportunity cost of holding non-yielding bullion

The euro edged up on Wednesday but was off Friday's three-week high, as traders looked for clues as to when the European Central Bank will hike interest rates

The Australian dollar got a bit of a lift as continued gains in global stocks boosted the mood for risk taking

US consumer prices in November rose at the fastest annual pace in almost 40 years, increasing pressure on the Federal Reserve to tighten monetary policy, the Labour Department reported.

The data, along expected lines, puts added pressure on policymakers to withdraw pandemic-era stimulus at a faster pace in coming months

Global shares hit record highs Wednesday after data showed US consumer price increases slowed in July, easing concerns that the Federal Reserve will imminently signal a scaling back of bond purchases

The consumer price index increased 0.9% last month, the largest gain since June 2008, after advancing 0.6% in May.

The consumer price index increased 0.8 per cent from the prior month, reflecting gains in nearly every major category and a sign burgeoning demand is giving companies latitude to pass on higher costs

The consumer price index increased 0.4% last month after rising 0.3% in January.

Despite claims dropping to their lowest since March, they remained above their peak of 665,000 during the 2007-2009 Great Recession