The central bank needs to see further progress on inflation or weakness in the labor market to resume interest rate cuts.

Inflation closed out 2024 on a strong note, as a price gauge the Federal Reserve focuses on came in well above the central ...

Inflation rose two-tenths of a percentage point to 2.6% for the year ending in December, the Bureau of Labor Statistics ...

How much has rising inflation since 2020 cost you? While Iowans need to spend more to maintain their standard of living, ...

SYDNEY (Reuters) -Australian consumer prices rose at the slowest pace in almost four years in the December quarter, while a ...

Rising food and housing costs have hit the lowest-income Americans the hardest in recent years.

Measuring key aspects of a nation’s economy is important, but the metrics used are often misunderstood by many. Quantifying ...

U.S. labor costs rose marginally in the fourth quarter, offering some comfort to Federal Reserve officials after progress ...

US labor cost growth cooled in the fourth quarter from a year earlier, reassuring Federal Reserve policymakers wage pressures ...

The increase was in line with economists' expectations. In the 12 months through December, the PCE price index advanced 2.6%.

The Federal Reserve’s preferred inflation gauge moved even higher in December, driven largely by rising energy prices as well ...

Recent data from the Bureau of Labor Statistics shows the cost of living continues to outpace earnings, leaving many ...