BREAKING Consumer prices rise at slower pace as core inflation hits lowest level of 2024 YHD - Delayed Quote • USD HeavyConstruction (^YHOH815) Follow 702.26 -0.70 (-0.10%) At close: December 7 at 4:17 PM EST Related News Inflation pressures ease in April as consumer prices rise at slowest pace in three months April's CPI report is one of the most important data points the Federal Reserve will consider in its next interest rate decision. Inflation to stay sticky unless employment improves: Strategist The Producer Price Index (PPI) reading came in hotter than expected for the month of April, signaling that inflation remains stubborn. Allspring senior portfolio manager Bryant VanCronkhite joins Market Domination Overtime to discuss upcoming economic data and what the Fed needs to keep in mind to curtail inflation. Bryant VanCronkhite identifies a key challenge for the Fed: "I think inflation could stay sticky, largely because the problem here is the employment situation. Both the quality and the quantity of labor is not meeting the needs of the small businesses and large businesses and what they need to drive their businesses forward. And so unless we see that employment situation get fixed, I think inflation is going to stay a little bit sticky right now." For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Nicholas Jacobino Stock market today: Nasdaq closes at record high, meme stocks surge again ahead of inflation data Meme stocks soared again as US equities more broadly stayed muted in the countdown to fresh inflation data and a Jerome Powell speech. Implications of Biden's China tariffs, meme trade: Catalysts Catalysts Hosts Seana Smith and Madison Mills cover the latest developments in the latest meme stock trading frenzy and the Biden administration trade policies as it unveiled an array of new tariffs against China. Kicking off the show, the resurgence of the meme stock trade is in focus. Various guests, including Newton Investment Management's Chief Investment Officer and Head of Equity John Porter, The Kobeissi Letter Editor-in-Chief Adam Kobeissi, and IG North America CEO JJ Kinahan, unpack the implications of this phenomenon for investors and the broader market dynamics. Shifting gears, the show delves into notable announcements from industry titans: Comcast's (CMCSA) unveiling of a new streaming bundle, Alphabet's (GOOG, GOOGL) autonomous driving unit Waymo facing an investigation, and Uber's (UBER) potential $950 million acquisition of foodpanda's Taiwan segment take center stage. The show also tackles the Biden administration's new tariffs on Chinese imports, with Yahoo Finance Senior Columnist Rick Newman providing insights into how this move may impact the upcoming election. Former Home Depot CEO Bob Nardelli also weighs in with his comments on this administration's decision. This post was written by Angel Smith Markets, Fed getting 'complacent' to rising prices: Strategist Recent economic data, such as Tuesday's hotter-than-expected Producer Price Index (PPI) reading, suggest inflation is not moving as swiftly as hoped toward the Federal Reserve's 2% target. Verdence Capital Advisors Chief Investment Officer Megan Horneman joins The Morning Brief to give insight into how the markets are moving and why the Fed will need to adopt a more hawkish tone to rectify the current inflationary trend. Horneman explains that beyond the recent PPI report, there have been other economic warning signs: "This isn't the only report that has warned us that inflation is not going in the right direction. You can look at the ISM Manufacturing Report. You can look at the ISM Services Report. All of these things are showing that inflation and prices are trending higher again. The market's completely complacent to this. The Federal Reserve is complacent to this. And we need to get some more hawkish rhetoric or we're going to continue to see inflation pressures go higher." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino S&P 500 hopes for fourth week of gains, meme stocks rally While the major indices (^DJI, ^GSPC, ^IXIC) opened relatively flat Tuesday morning, the S&P 500 is eyeing a fourth straight week of gains as Wall Street awaits fresh inflation data in April's Consumer Price Index (CPI) this week. Yahoo Finance Senior Markets Reporter Jared Blikre joins The Morning Brief to examine the market open following the latest Produce Price Index (PPI) data, factoring in the meme stock rally led by GameStop shares (GME). For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl US STOCKS-Futures gain after lower-than-expected rise in inflation U.S. stock index futures advanced on Wednesday after a lower-than-expected increase in a key inflation metric bolstered hopes of interest rate cuts from the Federal Reserve this year. The consumer price index (CPI) gained 0.3% in April, a Labor Department report showed, compared with a 0.4% increase expected by economists polled by Reuters and a 0.4% rise in March. Dow Jones Futures Rise On CPI Inflation Report; GameStop, AMC Dive Dow Jones futures rose Wednesday after a mild CPI inflation report. GameStop and AMC stock dived on the stock market today. Atlassian Stock Has Underperformed Over the Last 5 Years. Are Things Finally Looking Up for Its Investors? A cheaper valuation and an improving outlook could deliver long-term gains for shareholders from here. CPI Inflation Soothes Fears As Retail Sales Slow; S&P 500 Futures Climb CPI inflation moderated and retail sales cooled in April, helping push the S&P 500 toward a new record on firmer hopes for Fed rate cuts. Stock Futures Rise After CPI Data Show Inflation Rate Ticking Down Stocks moved higher on the back of a inflation report that showed a slowdown in price gains—welcome news for the market waiting for an interest-rate cut. The consumer price index climbed 3.4% year over year last month, according to data released Wednesday by the Bureau of Labor Statistics versus 3.5% pace set in March. Stock Futures Falling as Investors Brace for CPI Inflation Report U.S. stock futures were falling on Wednesday as investors awaited the consumer-price index (CPI) inflation reading, which could move the market if it changes expectations for timing of the first interest-rate cut by the Federal Reserve. The release of CPI data looms as a key catalyst that should shift the needle on the most dominant narrative in markets: the question of whether inflation is slowing enough to allow the Fed to cut interest rates from a generational peak. Stocks rallied into the finish in the previous session as investors looked past mixed producer-price index (PPI) data, while remarks from Fed Chair Jerome Powell added little color as the central banker said the Fed was still in wait-and-see mode. Dow Jones Futures Await CPI Inflation With Stock Market Near Highs; GameStop, AMC Skid The stock market rally is near highs ahead of CPI inflation data. GameStop soared again Tuesday but fell early Wednesday. Inflation, Interest-Rate Outlook Nudge European Bourses Up Midday Inflation, Interest-Rate Outlook Nudge European Bourses Up Midday Stock Futures Hold Gains Before US Inflation Data: Markets Wrap (Bloomberg) -- US stocks were set to open near all-time highs on hopes that the inflation report won’t undermine the case for Federal Reserve interest-rate cuts.Most Read from BloombergChina Considers Government Buying of Unsold Homes to Save Property MarketHow One of the World's Oldest Hedge Funds Went BankruptFlood of China Used Cooking Oil Spurs Call to Hike US LeviesOpenAI Chief Scientist Ilya Sutskever Is Leaving the CompanyBiden Accuses China of ‘Cheating’ on Trade, Imposes New TariffsFutu Better Warren Buffett Oil Stock: Chevron vs. Occidental Petroleum These two Warren Buffett oil stocks go head-to-head. Meet the Two Super Safe Stock Market Sectors That Just Hit 52-Week Highs Investors are getting defensive, and that's driving higher prices in the utility and consumer staples sectors. The Great ‘Vibecession’ Rages Through an $11 Trillion Stock Boom (Bloomberg) -- Time and again, Jerome Powell has made it clear. Financial conditions, the Federal Reserve’s key lever for cooling the US economy, are tight.Most Read from BloombergChina Considers Government Buying of Unsold Homes to Save Property MarketHow One of the World's Oldest Hedge Funds Went BankruptFlood of China Used Cooking Oil Spurs Call to Hike US LeviesOpenAI Chief Scientist Ilya Sutskever Is Leaving the CompanyBiden Accuses China of ‘Cheating’ on Trade, Imposes New TariffsAfter an Stock Market Today: Stocks mixed as inflation data looms, GameStop, AMC slide Markets are braced for what could be a crucial April inflation report as the S&P 500 nears a fresh all-time high. The Zacks Analyst Blog Highlights Murphy USA, Targa Resources, Cenovus Energy and Phillips 66 Murphy USA, Targa Resources, Cenovus Energy and Phillips 66 are included in this Analyst Blog.