Inflation came in below economists' forecasts and slowed from December's 2.7% annual rate.
Several officials would have supported a statement by the Fed indicating that interest rates could rise if inflation remained ...
Core PCE prices accelerated to a 3% annual increase in December, hitting their highest level since February in a clear sign that inflation is staying stubbornly above the Fed's target of a 2% annual ...
The latest rate, which covers the year to January, is a drop from the previous 3.4% - but it remains above the Bank of ...
The slightly lower number for January reflects smaller price increases for shelter and food, as well as a decrease in energy costs.
Fed officials at that meeting agreed to keep its key rate steady at about 3.6%, after cutting it three times late last year.
December inflation rose to 3% as GDP slowed, reinforcing the Fed’s decision to hold rates steady despite weaker growth data.
As Federal Reserve chair, Kevin M. Warsh may face a tough task persuading his colleagues to lower borrowing costs because of ...
LONDON (AP) — Inflation in the U.K. fell to a 10-month low largely on the back of lower food and gas prices, official figures ...
Inflation falls to 3% boosting chance of interest rate cuts - The rate of Consumer Prices Index (CPI) inflation decreased to ...