The Labor Department reported Tuesday that its producer price index — which tracks inflation before it hits consumers — rose 0.2% last month from November, down from a 0.4% gain the month before. Compared with a year earlier, producer prices rose 3.3%, biggest jump since February 2023 and up from a 3% gain in November.

Stock futures jumped after Wall Street finally got an encouraging update on inflation. The producer price index rose 0.2% in December on a monthly basis, the Bureau of Labor Statistics said Tuesday. Economists polled by FactSet were forecasting a 0.

US stocks gave up early gains to end mixed. Investors await key consumer inflation data and the start of earnings season on Wednesday.

Cool wholesale inflation numbers provide only slight relief before Wednesday's release of December Consumer Price Index data.

The Labor Department releases its producer price index for December on Tuesday. The index measures inflation at the wholesale level, before businesses pass costs on to consumers. Economists predict that wholesale prices rose at a higher pace last month than in November.

Wholesale-level inflation heated up further to close out 2024, a sign that price pressures are building at a time when President-elect Donald Trump threatens to unleash a substantial array of tariffs.

Market-based expectations of future inflation were rising further above 2% on Tuesday as traders looked past December's mild producer-price index report and a

The Labor Department reported Tuesday that its producer price index — which tracks inflation ... according to a survey of forecasters by the data firm FactSet. Wholesale prices can offer an ...

Stock futures jumped after Wall Street finally got an encouraging update on inflation. The producer price index rose 0.2% in December on a monthly basis, the Bureau of Labor Statistics said Tuesday.