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 ...

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.

When the Fed reduces its rate, it often — though not always — leads to lower costs for consumer and business borrowing, ...

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 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 ...

Annual inflation cooled in April, a month when businesses were yanked back and forth as they tried to adjust to President Trump’s unpredictable trade policies. However, prices rose 0.2% from the ...