Now it’s official. Jerome Powell, re-nominated for another four years at the helm of the Federal Reserve, says that it’s time to “retire the word transitory.” Those words were a confirmation of what ...

Inflation in the United States is now at the center of a political and pocketbook tug-of-war. The White House says prices are ...

In the wake of the 50-basis-point interest rate hike by an increasingly hawkish Federal Reserve, markets have gyrated wildly ahead of this week's U.S. economic data, which will be closely parsed for ...

One of the safest, high-interest investment options isn't as enticing as it was a few days ago, but the new rate for I Bonds might still be worth considering if you have cash sitting in a savings ...

July’s Consumer Price Index inflation report is expected to continue the pattern of disinflation seen in recent months. Current expectations for a September rate cut are relatively high, so it is ...

Editors note: A version of this story first published in March. It has been updated with the June 2022 inflation figures. Today's inflation news following weeks of rapidly rising gas prices would ...

Long before the Federal Reserve policymaking committee raised interest rates in 10 consecutive meetings, pundits warned about interest rates as a tool. Many economists said the Fed's most prominent ...

Voters in the U.S. midterm election had a constellation of issues on their minds: inflation, abortion, crime, gun policy and immigration. The charts below illustrate sharp partisan divides over what ...

LONDON, Oct 25 (Reuters) - The inflation genie is finally out of its bottle. Now investors are waiting to see whether the European Central Bank on Thursday admits that price pressures are too ...

Anyone looking to add cheese to that burger or scarf down a second hot dog at their Fourth of July picnic may want to think twice, thanks to (at least) one uninvited guest: inflation. The average ...

BUENOS AIRES, March 12 (Reuters) - Argentina's monthly inflation rate slowed down more than expected to come in at 13.2% in February, a boost for libertarian President Javier Milei who is pushing ...