A key inflation gauge tracked closely by the Federal Reserve slowed sharply in February. The release of the personal consumption expenditures price index Friday comes after the central bank raised ...

The Federal Reserve's preferred inflation gauge eased from multi-decade highs last month data from the Bureau of Economic Analysis indicated Friday. The Federal Reserve's preferred measure of U.S ...

The preferred inflation gauge remains the core personal consumption expenditure price index, which excludes food and energy, Fed Chair Jerome Powell said during his Jackson Hole speech on Friday.

Gas costs drove inflation in August, rising 10.6 percent over the month and accounting for more than half of the increase ...

US inflation accelerated in August for the second-straight month, pushed up by rising gas prices. However, core inflation, which strips out volatile food and energy prices, continued to slow ...

Oil prices pushed closer to US$100 a barrel, stoking expectations interest rates will stay higher for longer and keeping ...

Rolling coverage of the latest economic and financial news ...

Oil prices pushed closer to $100 a barrel, stoking expectations interest rates will stay higher for longer and keeping pressure on global markets. The US benchmark oil price briefly surpassed $95 a ba ...

High gas and housing costs pushed inflation higher in August, muddling the Federal Reserve’s ongoing fight to slow the economy and tame consumer prices. The inflation report released Wednesday ...