Inflation has cooled notably, but a pickup in annual price increases underscores that it is not fully back to normal.

CPI inflation rose to 2.6% in October, higher than the 2.4% in September, though in line with projections. There is an ...

U.S. consumer prices increased as expected in October amid higher costs for shelter such as rents, and progress toward low ...

October's Consumer Price Index (CPI), which measures changes in the cost of consumer goods and services, showed that annual ...

Next year, the Fed will likely start to wrestle with the question of just how low their benchmark rate should go.(REUTERS) Washington: No one knows how Tuesday's presidential election will turn ...

The Fed should target nominal gross domestic product, Patrick Horan and David Beckworth write in a guest commentary.

WASHINGTON — Federal Reserve officials are poised Thursday to reduce their key interest rate for a second straight time, responding to a steady slowdown of the inflation pressures that ...

Meanwhile, an uptick in unemployment can have a silver lining: As inflation slows and jobless numbers increase, the Fed ... not all industries experience a sizzling job market at the same time.

The Fed has been making progress toward those targets in recent months. Inflation jumped sharply ... “We’re not doing that now, and all that will take time, and it will be very much regular ...

The prices of virtually all goods ... the Fed aimed for slight overshoots to its 2% inflation target to make up for an undershoot in 2020, leaving average inflation over time at target.

While all eyes ... CPI and PCE inflation measures (0.3-0.4%). In addition, most consumer and business survey-based measures have returned very close to the Fed’s target (see chart on the right).

In 2022 and 2023, the Fed hiked its benchmark rate to a 23-year high of 5.25% to 5.5% to wrestle down a pandemic-induced inflation spike before lowering rates for the first time in four years in ...