The consumer price index was rose 2.4% in February 2026, above policymakers' target, economists said. War in Iran complicates the picture.
The data may reveal less than usual about inflation’s path as it does not account for gas and oil price surges sparked by the Iran war in early March.
Boston Fed President Susan Collins said on Friday that there's no urgent need to change interest rates, expecting current policy to hold for some time.
There were some encouraging economic developments this week that millions of Americans likely warmly welcomed. The unemployment rate in January, for example, declined to 4.3% as employers added more ...
Inflation remained elevated in November at a level well above the Federal Reserve's target rate as policymakers weigh potential interest rate cuts next year. The Bureau of Labor Statistics said on ...
While February’s Consumer Price Index report shows only modest price pressures, inflationary risks are rising again as the conflict in the Middle East drags on.
It's often said that the inflation of the 1970s and '80s in the U.S. and elsewhere was caused by the two oil crises of ...
The US Federal Reserve has announced the country's base rate will remain at its current level in a blow to President Donald Trump's economic agenda amid his ongoing feud with the financial institution ...
The consumer price index eased in January but inflation was still elevated for many consumer necessities, economists said.
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