Key inflation gauge holds mostly steady, while core inflation ticks up
The report showed that consumer spending picked up last month and could boost economic growth.
Inflation
Powell signals Fed may cut rates soon even as inflation risks remain
Federal Reserve Chair Jerome Powell opened the door ever so slightly to lowering a key interest rate in the coming months but suggested the central bank will proceed cautiously as it continues to evaluate the impact of tariffs and other policies on the economy.
US producer prices surge in July as Trump tariffs push costs higher
U.S. wholesale inflation surged unexpectedly last month, signaling that the president’s sweeping import taxes are pushing costs up and that higher prices for consumers may be on the way.
US inflation held steady as mild tariff hit offset by cheaper gas, food
Americans are likely to absorb more trade-war costs in the coming months as Trump begins to finalize tariffs.
Vast majority of adults stressed about grocery costs, poll finds
Other financial stressors—like the cost of housing or the amount of money in their bank accounts—weigh more heavily on younger Americans, according to polling.
Hershey, other chocolate makers hike prices as cocoa remains near record highs
Cocoa prices have more than doubled over the past two years due to poor weather and disease in West Africa, which supplies more than 70% of the world’s cocoa.
US wholesale inflation remains in check, defying expectations
Wholesale prices in June saw their smallest year-over-year gain since September, the Labor Department reported Wednesday.
Inflation picked up in June as tariffs began to lift prices
The price increases in June were broad-based, affecting imports such as cosmetics, shoes and toys, as well as services like medical care, car insurance and education.
Here’s how much more Hoosiers will pay for Fourth of July cookouts this year
The cost of a cookout in Indiana is slightly higher than that of the national average, according to Indiana Farm Bureau.
Americans cut back on spending as inflation ticks higher
Consumer sentiment has also fallen sharply this year in the wake of the sometimes-chaotic rollout of President Donald Trump’s tariffs.
Inflation barely rises as cheaper gas, rents offset some costlier imports
The data showes that tariffs haven’t yet pushed overall prices higher, which suggests that many companies could be absorbing the cost of the higher duties, for now.
Monthly inflation gauge cools, with little sign of tariff impact
The figures show inflation is still declining from its post-pandemic spike, which reached the highest level in four decades in July 2022.
Inflation rose slightly in April compared to March, but at a slower annual pace
More than half of the monthly increase in April was fueled by a 0.3 percent increase in shelter costs, the labor department said.
Federal Reserve likely to ignore Trump, keep rates unchanged this week
President Trump and Treasury Secretary Scott Bessent have said that inflation has steadily cooled and high borrowing costs are no longer needed to restrain price increases.
Inflation cools and Americans step up spending
The slowdown in inflation could be a temporary respite as the widespread tariffs are expected to push up prices in many categories.
Trump blasts Fed chair Powell and looks forward to his ‘termination’
The message, posted early Thursday, came one day after Fed Chair Jerome Powell warned that the administration’s trade war was “highly likely” to spur a temporary rise in inflation.
Inflation fell last month as gas prices dropped sharply
U.S. inflation declined last month as the cost of gas, airline fares, and hotel rooms fell, a sign that price growth was cooling even as President Donald Trump ramped up his tariff threats.
Federal Reserve chief says tariffs likely to raise inflation, slow economic growth
Federal Reserve Chair Jerome Powell’s focus on inflation suggests that the Fed will likely keep its benchmark interest rate unchanged at about 4.3% in the coming months.
Fed keeps interest rate unchanged, sees slower growth, slightly higher inflation ahead
The Federal Reserve has again kept its interest rate at about 4.3%, as the central bank evaluates the impact of the Trump administration’s policies on the economy.
Inflation cools for first time since September
Core prices, which exclude the volatile food and energy categories, had their lowest increase since April 2021.