In the wake of Wednesday's official report on consumer prices, three officials who set the nation's monetary policy said they're confident the inflation rate will someday fall to typical pre-pandemic levels.

Federal Reserve officials said data released on Wednesday showed U.S. inflation was continuing to ease even as they noted heightened uncertainty in the coming months as they await a first glimpse of the incoming Trump administration's policies.

Economic activity increased “slightly to moderately” across the US in late November and December, supported by strong holiday sales, the Federal Reserve said in its Beige Book survey of regional business contacts.

CNBC’s Steve Liesman joins 'Power Lunch' to discuss the takeaways from the Fed's Beige Book Full List of Foods, Drinks That Contain Red Dye 3 After FDA Bans Additive The 25 Roles That Resurrected Actors from Their ‘Flop Eras’ Here's the science behind the Los Angeles wildfires TikTok Plans Immediate US Shutdown on Sunday Dave Ramsey: Here’s What the Poor,

The U.S. economy grew slightly to moderately since late November, up from slight growth in its previous assessment, the Federal Reserve said on Wednesday in its latest Beige Book report. All 12 Fed districts reported at least some growth,