Consumer spending slowed despite rising incomes, potentially an early reaction to higher prices on some imported goods.

April's PCE report comes as investors are closely watching for any inflationary impacts from President Trump's tariffs.

Year-over-year inflation cooled to a 2.3% increase in April, a four-year low. That was below the 2.4% that economists had expected and below March’s annual rate. A big decline in gasoline prices compa ...

WASHINGTON — Inflation cooled for the third straight month in April even after some of President Donald Trump's tariffs took effect, though economists and many business owners expect inflation ...

Consumer prices increased 2.4% in May compared with a year ago, according to a Labor Department report released Wednesday.

Economists and some business executives have warned that prices will likely head higher as Trump’s widespread tariffs take ...

CBS's Margaret Brennan challenged Scott Bessent on Trump's tariffs, as retail giants warn of price hikes despite inflation ...

U.S. inflation likely picked up a bit last month as President Donald Trump’s tariffs start to bite, but lower prices for gas and possibly for air fares and used cars may limit the overall increase ...

“Without a spike in inflation,” said eToro equity analyst Bret Kenwell, “the Fed may have trouble defending its stance on interest rates, particularly as other central banks lower rates and as ...