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

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 ...

At the same time, incomes — before adjusting for inflation — rose a healthy 0.8% in April. Much of that gain reflected an increase in Social Security benefits as a result of the Social ...

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 will climb by ...

The Federal Reserve is likely to get more evidence that inflation is easing, at least for now. Forecasts for the Personal Consumption Expenditures Price Index in April suggest that prices ...

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

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

The US Federal Reserve's preferred inflation measure cooled more than expected last month, according to government data published Friday, as President Donald Trump's "liberation day" tariffs on most c ...

While President Trump has pointed to cooling prices as a reason for rate cuts, the Federal Reserve has kept rates unchanged to guard against tariff-fueled disruptions that could derail a soft landing, ...