In August, consumer prices rose 3.4% over the past year while wages increased just 3.1%.
The details in the latest Consumer Price Index report could compel the Federal Reserve to raise interest rates.
The consumer price index rose to 0.4% on a seasonally adjusted basis putting annual inflation at 3.4%, the U.S. Bureau of ...
The US Federal Reserve goes into a key rate-setting meeting this week with markets expecting policymakers to pull the trigger ...
Friday's figures bring the final 2027 COLA calculation closer to completion.
For investors in or near retirement, inflation is always a threat. TIPs can get it under control.
The Federal Reserve is expected to raise interest rates to fight inflation, addressing persistent price increases pushed ...
Inflation stands more than a percentage point above the Fed's target rate of 2%.
Starting in November, an important part of the interest rate that determines how much money people earn from federal Series I Savings Bonds — i-bonds — is expected to be among the highest in more than ...
Gold edged lower in Asian trade. U.S. core inflation data likely strengthens the case for the Fed to raise its benchmark rate at its meeting this week, CBA said.