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 ...

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

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 ...

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 President Donald Trump’s tariffs took effect, though economists and many business owners expect inflation will climb by ...

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

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 ...

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