The forecast is a sharp step up from the prior projection of 2.8%. Moreover, it is much higher than the 2.7% Fed officials estimated.
The OECD on Thursday issued a somber warning about the economic impact of the Iran war if it drags on, saying inflation could reach a painful 4.2% in the US this year. “The breadth and duration of the ...
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March inflation data was released this morning, and it showed the consumer price index (CPI) rising 3.3%. That’s the highest inflation reading since April 2024. However, inflation readings excluding ...
Inflation has been relatively tame so far this year, with the consumer price index rising 2.4% on an annual basis in each of the past two months. The outlook for the coming months is a lot less benign ...
This story about the February 2026 PCE inflation is developing and will be updated with more details. The Federal Reserve's preferred inflation gauge remained stubbornly high in February as consumers ...
Fast-rising oil prices sent US businesses’ costs higher in March, lifting wholesale inflation to 4%, the highest annual rate ...