From March 2022 to June 2023, the Fed dramatically increased the federal funds rate to reduce post-COVID-19 inflation. For the next year, the rate remained the same. Incidentally, rates were much ...

CBS's Margaret Brennan challenged Scott Bessent on Trump's tariffs, as retail giants warn of price hikes despite inflation ...

Inflation rose by one-tenth of a percentage point to 2.4% for the year ending in May, the Bureau of Labor Statistics reported Wednesday in an update to the consumer price index. Forecasters had ...

The year-over-year change in the CPI rose by 2.4 percent in May, slightly accelerating over April’s year-over-year increase ...

WASHINGTON (AP) — U.S. inflation picked up a bit last month as food costs rose, though overall inflation remained mostly tame ...

Inflation in the United States rose moderately in May as higher prices for groceries and some imported goods were largely ...

Inflation for May 2025 has dropped significantly to 18.4%, down from 21.2% recorded in April 2025. This means that, on ...