The central bank needs to see further progress on inflation or weakness in the labor market to resume interest rate cuts.

U.S. prices increased in December while consumer spending surged, suggesting that the Federal Reserve could delay cutting interest rates for some time this year. The personal consumption expenditures ...

U.S. inflation increased by the most in eight months in December amid a surge in consumer spending, suggesting the Federal ...

On a three-month annualised basis — seen as a more accurate picture of the trajectory of inflation — the core PCE price gauge ...

Inflation targeting is a method used by central banks to maintain stable prices by aiming for a specific inflation rate, ...

The Commerce Department released a closely watched report on Friday showing consumer prices in the U.S. increased in line with ...

The Federal Reserve's preferred measure of inflation picked up in December, pushing the central bank's goal of a 2% annual rate farther into the distance.

Retirees with private “defined benefit” pensions could lose tens of thousands of pounds due to a change in how inflation will ...

The accompanying policy statement did not include the reference to inflation having made progress toward the Fed's 2% target. No rate cut is expected before June ...

The personal consumption expenditures (PCE) price index rose 0.3% last month after an unrevised 0.1% gain in November, the Commerce Department said on Friday. Economists polled by Reuters had forecast ...

This story has been updated with additional details. The Federal Reserve’s preferred inflation measure surged as predicted ...

Inflation rose two-tenths of a percentage point to 2.6% for the year ending in December, the Bureau of Labor Statistics reported Friday in an update to the personal consumption expenditures index, the ...