The Fed's preferred inflation measure moved no closer to its 2% target in July, emphasizing the policy challenge the Fed faces as it prepares for a possible interest-rate cut in September. The ...

Consumer spending rose in July by the most in four months, indicating resilient demand in the face of stubborn inflation. Inflation-adjusted consumer spending rose 0.3%, according to Bureau of ...

Consumers paid 1.8 per cent more in April 2025 than they did a year ago for the basket of goods and services included in the Consumer Price Index, the Department of Statistics reported. The annual ...

The Federal Reserve is monitoring new inflation data as it weighs potential interest rate adjustments due to a shaky job market and ongoing economic challenges. We're looking at core inflation, which ...

WASHINGTON (AP) — The Federal Reserve’s preferred inflation gauge mostly held steady last month despite President Donald Trump’s broad-based tariffs, but a measure of underlying inflation increased.

Inflation continued to run hot in July, underlining the Federal Reserve's dilemma as it looks to lower prices for American consumers while propping up a job market that is starting to wobble. Prices ...

LONDON, Aug 27 (Reuters) - British producer output price inflation rose to a two-year high of 1.9% in June, up from 1.3% in May, according to preliminary official data, opens new tab which adds to ...

Last Friday in Jackson Hole, Federal Reserve Chairman Jay Powell finally – and grudgingly – admitted what the Trump team has been saying all along: tariffs don’t fuel inflation. At most, tariffs ...