Inflation is getting closer to the Federal Reserve's 2% target.

The CPI report was cooler than expected, although inflation is still higher than the Federal Reserve's 2% annual goal.

To use this formula, you need the initial and final ... in the CPI for that specific good or service. To find the inflation rate, divide the difference by the initial value (the value recorded ...

The Fed should not commit to further interest rate cuts until it is clear whether the Trump administration's tariff policies ...

Recent economic ... rates. While the central bank wants to see workers benefit from a strong labor market, it remains concerned that excessive wage growth could fuel another round of inflation.

The U.S. economy faces the risk of higher unemployment and rekindled inflation ... decision to hold rates, the Fed suggested that tariffs might have distorted its view of economic data.