inflation

Francisco Santana buys groceries at the Walmart Supercenter in North Bergen, New Jersey, on Feb. 9, 2023. (AP Photo/Eduardo Munoz Alvarez, File)
May 26, 2023

Measure of inflation closely tracked by Fed increased in April

A key index of U.S. prices ticked higher in April, and consumer spending rebounded, a sign that inflationary pressures in the economy remain high.

Federal Reserve Chairman Jerome Powell speaks during the Thomas Laubach Research Conference at the William McChesney Martin Jr. Federal Reserve Board Building in Washington on May 19, 2023. (AP Photo/Andrew Harnik)
May 24, 2023

A June pause in rate hikes would be a close call for Fed officials, minutes show

Federal Reserve officials were divided on whether to pause their interest rate hikes at their upcoming meeting in June, according to meeting minutes.

Federal Reserve Chairman Jerome Powell speaks during the Thomas Laubach Research Conference at the William McChesney Martin Jr. Federal Reserve Board Building in Washington on May 19, 2023. (AP Photo/Andrew Harnik)
May 19, 2023

Federal Reserve Chair Powell hints at a pause in rate hikes

Chair Jerome Powell indicated Friday that the Federal Reserve will likely forgo an increase in its benchmark interest rate.

John Williams, then-president of the Federal Reserve Bank of San Francisco, is interviewed by The Associated Press in Washington, on Oct. 30, 2015. Williams, now the president of Federal Reserve Bank of New York, said May 9, 2023, that “we haven't said we're done raising rates.” (AP Photo/Manuel Balce Ceneta, File)
May 11, 2023

Fed official: Inflation not easing fast enough toward 2% target

Inflation remains “stubbornly high” and is no longer making much progress toward the Federal Reserve's 2% target, a top Fed official said.

Francisco Santana shops at the Walmart Supercenter in North Bergen, New Jersey, on Feb. 9, 2023. The inflation surge led Santana, a New York City resident, to shift his grocery shopping from local chains to Walmart. (AP Photo/Eduardo Munoz Alvarez)
May 10, 2023

US prices stay high, showing inflation pressures persist

Consumer prices in the United States rose again in April, and measures of underlying inflation stayed high.

Apr 28, 2023

Inflation pressures remain persistent as consumers pull back

Key measures of prices and wages remained high in March, keeping the Federal Reserve on track to raise interest rates next week.

Federal Reserve Board of Governors member Christopher Waller poses for a photo on May 23, 2022, in Washington. Waller said April 14, 2023, that there has been little progress on inflation for more than a year and that more interest rate hikes are needed to get prices under control. (AP Photo/Patrick Semansky, File)
Apr 14, 2023

Top Fed official sees need for more interest rate increases

A senior Federal Reserve official said there has been little progress on inflation for more than a year and more interest rate hikes are needed.

Cars move on the assembly line at the BMW Spartanburg plant in Greer, South Carolina, on Oct. 19, 2022. (AP Photo/Sean Rayford)
Apr 13, 2023

Wholesale inflation pressures eased sharply last month

U.S. wholesale prices fell last month, a sign that inflationary pressures in the economy are easing.

A man looks at his phone while shopping at a grocery store in Buffalo Grove, Illinois, on March 19, 2023. (AP Photo/Nam Y. Huh)
Apr 12, 2023

Cheaper gas and food provide some relief from inflation

Consumer inflation eased in March, with less expensive gas and food providing some relief to households that have struggled under the weight of surging prices.

A hiring sign is seen in Downers Grove, Illinois, on May 5, 2022. (AP Photo/Nam Y. Huh, File)
Apr 4, 2023

Job openings slip to 9.9M; a win in inflation fight?

U.S. job openings slipped in February to the fewest since May 2021, a sign that the job market may be starting to cool.

Francisco Santana shops at the Walmart Supercenter in North Bergen, New Jersey, on Feb. 9, 2023. The inflation surge led Santana, a New York City resident, to shift his grocery shopping from local chains to Walmart. (AP Photo/Eduardo Munoz Alvarez)
Mar 31, 2023

Key inflation gauge tracked by the Fed slowed in February

The Federal Reserve's favored inflation gauge slowed sharply last month, an encouraging sign in the Fed's yearlong effort to cool price pressures.

Mar 15, 2023

US wholesale inflation fell in February on lower food costs

Wholesale price increases in the United States slowed sharply in February as food and energy costs declined

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