The Federal Reserve expressed concern that inflation has not eased enough for it to continue lowering interest rates.
"I still think my ultimate where-we're-going-to-land is a fair bit below where we are today," Austan Goolsbee said at auto ...
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
U.S. prices increased in December while consumer spending surged, suggesting that the Federal Reserve could delay cutting ...
Overall prices were up but core inflation held steady as consumers spent more, saved less and pushed more debt to credit cards.
The 25% tariffs Trump was to impose on Mexico and Canada, joined with a 10% tariff on China, would have pushed up underlying ...
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The personal consumption expenditures (PCE) price index rose 0.3% last month after an unrevised 0.1% gain in November ...
Businesses are heading into 2025 with lean inventories and high demand from consumers. The post Truckers don’t need to worry ...
The Federal Reserve’s preferred inflation gauge moved even higher in December, driven largely by rising energy prices as well ...