Inflation is drifting higher again in the Federal Reserve's preferred yardstick, complicating hopes that price pressures were gliding smoothly back to target. The personal consumption expenditures ...

Inflation is finally bending in the right direction for the Federal Reserve, and that shift is giving Chair Jerome Powell the political and market space to contemplate another rate cut without looking ...

WASHINGTON -- The Federal Reserve's preferred inflation gauge mostly held steady last month despite President Donald Trump's broad-based tariffs, but a measure of underlying inflation increased.

The Federal Reserve’s preferred measure of underlying inflation increased in June at one of the fastest paces this year while consumer spending barely rose, underscoring the dueling forces dividing ...