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.

The Federal Reserve sees inflation worsening this year and officials are increasingly split about the direction of further ...

Consumer prices rose 3.4% in May compared with a year earlier, down from the 3.5% of April but still well above the BOE ...

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

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 ...

New data from Statistics Canada shows the first impacts of the April removal of the consumer carbon price, and tariffs on ...

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 ...

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, ...