News

Fed's Targeted Inflation Gauge Shows Little Tariff Impact
The Federal Reserve's targeted inflation measure ticked slightly higher in May, but the numbers didn't show a big ...
The Fed’s Preferred Inflation Gauge Was Slightly Hotter in May, as Spending Cooled
Most economists and policymakers are bracing for price pressures to intensify this summer because of President Trump’s ...
Fed’s Inflation Measure Ticks Up Amid Uncertainty Over Tariffs
While the consumer price index is more commonly known, the Fed relies heavily on the PCE for deciding its stance on monetary ...
Fed's Barkin says tariffs will start pushing up inflation
Federal Reserve Bank of Richmond President Thomas Barkin said on Thursday tariffs are very likely to push inflation up over ...
Fed's Kashkari says more clarity needed on tariffs' impact on inflation
Recent U.S. inflation data has been "quite positive" but some of the inflationary effect of tariffs may just be delayed, ...
Powell: Fed Must Consider Costs of Being Wrong on Inflation
Federal Reserve Chair Jerome Powell said the central bank is taking a more cautious approach to the effects of President ...
Inflation creeps higher in May and dims chances of the Fed cutting interest rates soon
The cost of living rose slowly in May for the third month in a row, but the rate of inflation is probably still too high for ...
Core inflation rate rose to 2.7% in May, more than expected, Fed's preferred gauge shows
The PCE price index was projected to rise 0.1% in May, with the annual inflation rate at 2.3%, according to the Dow Jones ...
Inflation At 2.7%—Higher Than Expected And Over Fed’s Goal
Inflation inched up more than expected last month, according to Commerce Department data released Friday morning, as Wall ...
Fed's preferred inflation gauge heats up a tick in May, consumer spending, income fall
M/M vs. +0.1% consensus and +0.1% prior (unrevised), according to data released by the Commerce Department's Bureau of ...
Fed Chair testifies that tariffs could drive up inflation, which is why rates were held steady
Federal Reserve Chair Jerome Powell testified on Capitol Hill Wednesday about the state of the U.S. economy. CBS News senior ...
Powell leaves door ajar to July rate cut, but an expected rise inflation is likely to keep the Fed sidelined
Federal Reserve chief Jerome Powell on Tuesday said a good case could be made for cutting interest rates soon, but he said ...