Cold-weather shelters open Wednesday in Jacksonville, Flagler County as temperatures expected to drop again
A person walks in front of an electronic stock board showing Japan's Nikkei index at a securities firm Wednesday, Dec. 11, 2024, in Tokyo. A person walks in front of an electronic stock board showing Japan's Nikkei index at a securities firm Wednesday, Dec. 11, 2024, in Tokyo. Japan’s benchmark Nikkei 225 slipped 0.3% to 39,261.03 after data showed that Japan’s wholesale inflation in November rose 3.7% year-on-year, marking three consecutive months of increases and further adding pressure on the Bank of Japan to raise interest rates.
Wednesday’s update on consumer inflation and a report Thursday on inflation at the wholesale level will be the final big pieces of data the Federal Reserve will get before its meeting next week, where many investors expect this year’s third cut tofrom a two-decade high since September to take pressure off the slowing jobs market, after bringing inflation nearly down to its 2% target. Lower rates would help give support to the economy, but they could also provide more fuel for inflation.
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