Key Inflation Measure Increases in April
WASHINGTON — A key index of U.S. prices ticked higher in April, and consumer spending rebounded, a sign that inflationary pressures in the economy remain high.
Federal Reserve Chair Powell Hints at Pause in Rate Hikes
WASHINGTON — Chair Jerome Powell indicated May 19 that the Federal Reserve likely will forgo an increase in its benchmark interest rate when it meets in June.
High Consumer Prices, Inflation Pressures Persist in April
WASHINGTON — Consumer prices in the United States rose again in April, and measures of underlying inflation stayed high, a sign that declines in inflation are likely to be slow and bumpy.
Fed Raises Key Rate Again, but Hints at Possible Pause
The Federal Reserve reinforced its fight against high inflation May 3 by raising its key interest rate by a quarter-point to the highest level in 16 years.
Fed’s Key Inflation Gauge Stayed High in March
WASHINGTON — A key index of underlying inflation that is closely followed by the Federal Reserve remained elevated in March, keeping the Fed on track to raise interest rates in May.
Retail Sales Fall 1% Amid High Inflation, Rising Rates
WASHINGTON — Americans cut their spending at retail stores and restaurants in March for the second straight month, a sign consumers are becoming more cautious.
Cheaper Gas, Food Provide Some Relief From Inflation
WASHINGTON — U.S. consumer inflation eased in March, with less expensive gas and food providing some relief to households that have struggled with surging prices for nearly two years.
Fed Raises Key Rate by Quarter-Point Despite Bank Turmoil
WASHINGTON — The Federal Reserve extended its yearlong fight against high inflation March 22 by raising its key interest rate a quarter-point.
Inflation Stays High in February, Complicating Fed’s Plans
WASHINGTON — U.S. consumer price increases eased from January to February but still indicated elevated inflation, posing a challenge for the Federal Reserve's interest rate plans.
February Adds 311,000 Jobs Despite Fed’s Rate Hikes
WASHINGTON — America’s employers added a substantial 311,000 jobs in February, fewer than January’s huge gain but enough to keep pressure on the Federal Reserve to raise interest rates aggressively to fight inflation.