The Dow industrials lagged behind other indexes, falling about 0.6%, weighed down by declines in JPMorgan and Visa. JPMorgan posted a 7% drop in quarterly profit on revenue that missed forecasts. Treasury yields slipped.

So-called core inflation, or CPI data that excludes volatile food and energy prices, rose by 2.6% over the past 12 months, according to the Bureau of Labor Statistics. Economists polled by FactSet had predicted a 2.7% increase for that measure.

The benchmark 10-year Treasury yield fell on Tuesday as data showed core U.S. consumer prices rose less than predicted in December.The 10-year Treasury yield dipped more than 1 basis point to 4.171% after hitting a low of 4.

While the numbers beat expectations, they also painted a grim picture of the sticker shock that consumers face at the grocery store and when they open their electricity bills.

Consumer prices rose 2.7% from a year earlier, matching the consensus estimate of economists polled by The Wall Street Journal. On a core basis, excluding volatile food and energy prices, the inflation rate was 2.

US consumer prices rose 2.7% annually in December, closing out a year that saw slight progress on inflation but continued affordability concerns for many Americans.

Economists expect the December CPI inflation report to show price growth remained elevated and cautioned it may have a downward bias due to missing data from the government shutdown.

Bitcoin price held steady above the key resistance level at $92,000 as market participants reflected on the latest US inflation data and the progress on

Good morning. Today’s most important economic data readout, the Consumer Price Index is just out — and it’s looking pretty good. In the month of December, inflation rose 0.3% month-over-month to 2.7% on the year. And even better, the Core Inflation rate grew just 0.2% to 2.6% year-over-year.