The personal consumption expenditures price index rose 2.5% last month, in line with expectations. On a monthly basis, prices rose 0.3%, slightly below economists' estimates.

The Federal Reserve's decision on Wednesday, which was widely expected, keeps the federal funds rate between a range of 5.25% to 5.5%, a 22-year-high.

The Federal Reserve's plan to begin cutting interest rates is being upended by sticky inflation as Americans continue to grapple with higher costs for everyday items.

The Labor Department released the closely watched February consumer price index report Tuesday, revealing just how hot inflation was running last month.

Federal Reserve Chairman Jerome Powell said during congressional testimony on Wednesday that the central bank is in no rush to start cutting interest rates.

The U.S. economy could be headed toward a "stagflation" scenario, which is characterized by soaring consumer prices as well as high unemployment rates.

JPMorgan Chase strategists warned in a note to clients that the U.S. economy faces heightened risk of returning to a 1970s-style stagflation scenario.

Minutes from the Federal Reserve's January meeting show that officials are worried about the risks of cutting rates too soon amid still-high inflation.

The Labor Department released the closely watched January consumer price index report Tuesday, revealing just how hot inflation was running last month.

The odds of the Federal Reserve cutting rates in the first half of 2024 dimmed after the January inflation report came in hotter than expected on Tuesday.

Federal Reserve Chair Jerome Powell said Sunday that policymakers are trying to balance the risks between cutting interest rates too late and too soon.

Former President Donald Trump talks recent stock market gains and the future of Federal Reserve leadership in a preview of his exclusive interview with Maria Bartiromo.

The Federal Reserve on Wednesday paused its interest-rate hike campaign for the fourth straight time amid growing evidence that high inflation is cooling.

The Federal Reserve may shed light on when it will begin to cut interest rates this year amid signs that inflation is moderating faster than expected.

Sen. Elizabeth Warren and three other Democratic senators wrote to Fed Chair Jerome Powell to call for the Fed to cut interest rates this year to ease housing prices.

The Federal Reserve's favorite measure of tracking inflation rose 0.2% in December after declining the previous month as high consumer prices persist.

The Federal Reserve has always been a political entity. And Fed Chairman Jerome Powell knows if he wants to keep his job he will have to play politics this election year.

Federal Reserve President of San Francisco Mary Daly on Friday warned that it would be "premature" to assume that interest rate cuts are around the corner.

The Federal Reserve is widely projected to cut interest rates this year, even after the December inflation report came in hotter than economists expected.

The Labor Department said Wednesday the producer price index moderated in December, a sign that price pressures in the economy are beginning to abate.