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Economists at Bank of America and Goldman Sachs forecast inflation will shoot up to more than 3.5% by year’s end.
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Consumer spending slowed despite rising incomes, potentially an early reaction to higher prices on some imported goods.
The Fed's preferred inflation gauge, the PCE index, showed that price growth eased in April as inflation numbers trended ...
The federal government is scaling back data collection used to calculate the inflation rate because of staff shortages.
The Personal Consumption Expenditures Price Index grew at an annualized rate of 1.2% in April, marking the second consecutive ...
The Labor Department has cut back on the inflation data it collects because of the Trump administration’s government hiring ...
April personal consumption expenditure inflation was up just 0.1% for an annual rate of 2.1%, according to a Friday Bureau of ...
The Federal Reserve has put interest rate cuts on hold until it has more clarity about President Trump’s policies.
Japanese real wages fell for a fourth consecutive month in April, eroded by stubborn inflation that has continued to outpace ...
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