Inflation is getting closer to the Federal Reserve's 2% target.

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

WASHINGTON (AP) — 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 ...

The Federal Reserve's favored inflation indicator cooled in April, though consumers pulled back sharply on their spending, ...

The Federal Reserve kept its key rate unchanged Wednesday as it waits for additional information on how tariffs and other ...

Inflation cooled for the third straight month in April even after some of Trump's tariffs took effect, though economists and ...

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

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

The Bureau of Labor Statistics reportedly reduced the number of businesses at which it checks prices for the benchmark ...

1:35 Canada’s inflation rate drops to 1.7% in April, led by lower prices at the pumps Inflation in Canada dropped in April as the impact of tariffs sank in at the same time as the consumer ...