Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.

Consumer Price Index showed an acceleration to 2.9%, the highest rate since July. With such high inflation, the Fed is unlikely to cut rates in January.

U.S. consumer prices increased slightly more than expected in November as energy costs rose, pointing to an inflation trend that lines up with the Federal Reserve's view for a slower path of rate cuts this year.

Inflation data this week has come in below forecasts. Earnings season is off to a solid start. Is this the medicine the market nees?

That sound you heard coming from Wall Street on Wednesday? A huge sigh of relief following strong earnings from Dow components Goldman Sachs and JPMorgan Chase as well as other big banks, coupled with a smaller increase in core consumer prices for December than economists were expecting.

Global markets treaded water on Wednesday ahead of U.S. consumer price data that could potentially shift the monetary policy outlook there, while investors waited to see if earnings of big banks would match sky-high expectations.