The central bank needs to see further progress on inflation or weakness in the labor market to resume interest rate cuts.
A spike in energy prices helped to lift the headline PCE price index in December. The combined cost of gasoline, electricity, ...
U.S. prices increased in December while consumer spending surged, suggesting that the Federal Reserve could delay cutting ...
Federal Reserve Governor Michelle Bowman said she wants to see additional progress on inflation before the central bank ...
The price gauge used by the Federal Reserve to help set U.S. interest rates accelerated in December, pushing the bank further ...
The Federal Reserve's preferred inflation gauge, known as the personal consumption expenditures index, rose in December in ...
Fresh tariffs amid high inflation are making the Fed’s job uniquely difficult and feeding uncertainty about what to expect ...
Trump said Powell and the Fed "failed to stop the problem they created with inflation" in a post on Truth Social on Wednesday ...
The latest inflation figures arrive as President Donald Trump has threatened to impose big import taxes on goods from Canada ...
Federal Reserve governor Michelle Bowman said she still expects declining inflation to allow further interest rate cuts this ...