The dollar was steady on Monday after U.S. inflation data showed only a modest rise last month, easing some concerns about the pace of U.S. rate cuts next year, while the yen loitered near 156 per dollar,

Renewed inflation fears in the United States have pushed the yield on 10-year Treasury bonds to its highest level in six months.

The Federal Reserve’s preferred inflation gauge moved slightly higher in November — but not as much as economists were expecting, an indication that price hikes aren’t accelerating in a worrisome fashion.

Wholesale costs in the United States picked up sharply last month, signaling that price pressures are still evident in the economy even though inflation has tumbled from the peak levels it hit more than two years ago.

The Personal Consumption Expenditures index climbed by 0.1% in November on a month-over-month basis, the Bureau of Economic Analysis said in a statement Friday.

Inflation rose to 2.7% in November, aligning with economists' expectations of incoming president's plans to strengthen US global position through tariffs. Read what investors need to know.

Stocks signaled another rough day of trading on Friday after the House of Representatives voted against a Trump-backed spending bill.

Wholesale costs in the United States picked up sharply last month, signaling that price pressures are still evident in the economy even though inflation has tumbled from the peak levels it hit more than two years ago.

Canada's main stock index was flat on Tuesday in thinner-than-usual trading volume, as investors clocked in for a half-day session on Christmas Eve.

Fueled by pricier used cars, hotel rooms and groceries, inflation in the United States moved slightly higher last month in the latest sign that some price pressures remain elevated.

This marks the fourth consecutive month in which inflation has matched or been lower than the Bank of Canada’s 2-per-cent target

Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week’s Federal Reserve meeting.