Inflation has been around since the days of Alexander the Great and it's not showing any signs of going away. In combating this pesky problem, the Federal Reserve uses interest rates as a primary tool to control inflation.

Annual inflation ticked up for a third straight month in December as food, energy costs rose, CPI report showed. But underlying price measure eased.

Gold prices firmed near one-month highs hit earlier on Thursday after a softer-than-expected core U.S. inflation print increased chances of two Federal Reserve rate cuts this year, with the first likely in June.

Wall Street has been seesawing for weeks as traders tear up their forecasts for what the Fed will do with interest rates in 2025. A further easing would boost the U.S. economy and prices for investments, but it could also give inflation more fuel.

Here are some key corporate results, economic data releases and other events to watch for this week: Today PPI report: A December readout for the produc

US stocks rallied Wednesday after an encouraging inflation report and blockbuster profits for some of America’s biggest banks.