Prices rose 2.7% in December from a year ago, a sign that inflation continues rising but in line with the pace seen in recent months.

Key economic data are due this week, including two inflation readings. The U.S.'s largest banks are also scheduled to report earnings, starting with JPMorgan Chase. Later this week, results from Taiwan Semiconductor Manufacturing,

Stocks are holding near their records on Wall Street following the latest update on inflation, one that could keep the door open for the Federal Reserve to cut interest rates further later this year.

Bureau of Labor Statistics data released Tuesday showed that overall inflation cooled in December ... but streaming video prices soared by nearly 20 percent.

Core CPI inflation unexpectedly held at a low 2.6% in December. That's boosting S&P 500 futures and Federal Reserve rate-cut odds.

Jamie Dimon says pressure on chair Jerome Powell could ultimately increase interest rates

President Trump declared inflation “defeated” during a speech at the Detroit Economic Club on Tuesday despite a report earlier that day showing annual price growth of 2.7 percent, putting pressure on the White House and congressional Republicans to respond to affordability more aggressively ahead of the midterms.