U.S. consumer prices increased slightly more than expected in November as energy costs rose, pointing to an inflation trend that lines up with the Federal Reserve's view for a slower path of rate cuts this year.

A key inflation metric eased for the first time since July as investors debate the Federal Reserve's next interest rate decision.

Inflation data this week has come in below forecasts. Earnings season is off to a solid start. Is this the medicine the market nees?

U.S. stock index futures extended gains on Wednesday as investors assessed a broadly in-line consumer inflation report to gauge its effect on the Federal Reserve's monetary policy easing this year. Data from the Labor Department showed the consumer price index rose 2.

US consumer prices eased in December as the so-called core consumer price index increased 0.2% after rising 0.3% four straight months. Michael McKee breaks down the numbers on Bloomberg Television.

The Consumer Price Index 0.4% M/M in December, matching the consensus and slightly accelerating from the 0.3% increase in the previous month, according to U.S. Bureau of Labor Statistics data released on Wednesday.

U.S. consumer prices increased slightly more than expected in December amid higher costs for energy goods, pointing to still elevated inflation that aligns with the Federal Reserve's projections for fewer interest rate cuts this year.