WASHINGTON (Reuters) - U.S. consumer prices were unexpectedly unchanged in May as cheaper gasoline and other goods offset higher costs for rental housing, but inflation likely remains too high for the Federal Reserve to start cutting interest rates before September. The report from the Labor Department on Wednesday also showed underlying inflation pressures abated significantly last month, with the cost...

Crypto-linked stocks including Coinbase Global Inc ( COIN ) and MicroStrategy Inc ( MSTR ) are trading higher Wednesday amid strength in Bitcoin (CRYPTO: BTC) following softer-than-expected CPI data for May. What To Know: Bitcoin is up more than 4% over a 24-hour period, driving strength in the broader crypto space and crypto-related stocks. The pop in crypto prices came...

12:15 PM EDT, 06/12/2024 (MT Newswires) -- US benchmark stock indexes rose as inflation eased ahead of the June policy announcement from the Federal Reserve, enabling policymakers to incorporate fresh data in their projections for interest rates this year. The Nasdaq Composite jumped 1.8% to 17,655.1, with the S&P 500 up 1.2% to 5,437.2 and the Dow Jones Industrial Average...

WASHINGTON (Reuters) - U.S. consumer prices were unexpectedly unchanged in May as cheaper gasoline and other goods offset higher costs for rental housing, but inflation likely remains too high for the Federal Reserve to start cutting interest rates before September. The report from the Labor Department on Wednesday also showed underlying inflation pressures abated significantly last month, with the cost...