The core index, one that strips volatile food and energy costs and is used by the Fed in setting interest rates, rose 0.2% in December and 2.8% annually, unchanged from November.

After the inflation report, released at the same time as hawkish monetary policy remarks from Fed Governor Michelle Bowman, traders of futures that settle to the Fed's policy rate priced in about a 70 ...

Consumer spending, which accounts for more than two-thirds of U.S. economic activity, jumped 0.7% in December after an ...

The central bank needs to see further progress on inflation or weakness in the labor market to resume interest rate cuts.

The latest reading on the Fed's preferred inflation gauge comes just two days after the central bank paused its interest rate cutting cycle.

Fed Chairman Jerome Powell said earlier this week he expects inflation to turn lower again, but he did not say when he expected it to happen. The most recent Fed forecast shows PCE inflation ending ...

Despite the pause this month, the Fed is still expected to resume rate cuts later this year, aiming to hit 2.5% or lower by ...

Policy changes: When the Fed adjusts the federal funds rate, it spills over into many aspects of the economy, including ...

Fed kept its key interest rate on hold in a range between 4.25-4.5%, following three consecutive cuts. TD Asset Management's ...

WASHINGTON (Reuters) - U.S. President Donald Trump is getting his wish that interest rates drop across the world, just not at ...

The mortgage rate drop provides little relief for prospective shoppers looking ahead to the spring homebuying season.