The central bank needs to see further progress on inflation or weakness in the labor market to resume interest rate cuts.

An inflation gauge closely watched by the Federal Reserve rose slightly last month, the latest sign that some consumer prices ...

Inflation in the US climbed in December, with consumer spending accelerating, potentially delaying Federal Reserve interest ...

“The Fed’s prognosis is for a slower pace of monetary easing moving forward, as the economy is doing well and prices are only slowly returning to target in an environment of great uncertainty,” said ...

U.S. prices increased in December while consumer spending surged, suggesting that the Federal Reserve could delay cutting interest rates for some time this year. The personal consumption expenditures ...

The Commerce Department released a closely watched report on Friday showing consumer prices in the U.S. increased in line with ...

This story has been updated with additional details. The Federal Reserve’s preferred inflation measure surged as predicted ...

The accompanying policy statement did not include the reference to inflation having made progress toward the Fed's 2% target. No rate cut is expected before June ...

The Bureau of Economic Analysis said Friday that personal consumption expenditures rose 2.6% in December, in line with expectations. Core PCE, omitting food and energy, was 2.8%.

The Federal Reserve’s preferred inflation gauge moved even higher in December, driven in part by rising food and energy prices. However, a closely watched measurement of underlying inflation trends ...

Egg prices are already high, but officials say they are only going to go up more in 2025. Here's how much you could pay and ...

These are not “egg”-citing times for grocery store shoppers, as egg prices continue rising. The Consumer Price Index finds ...