Jerome Powell

Economists expect the Federal Reserved to pencil in another interest rate hike this year, and hold rates at peak levels longer than previously projected.

The Labor Department said the consumer price index showed that inflation ticked higher in August as price pressures in the economy remained unusually high.

The Labor Department on Wednesday will release new August consumer price index data, which is expected to show that inflation accelerated again last month.

Federal Reserve Chair Jerome Powell warned that inflation remains "too high" during his keynote address at the annual central bank meeting in Jackson Hole, Wyoming, on Friday.

Federal Reserve Chairman Jerome Powell may leave the door open to another interest rate hike during his keynote speech in Jackson Hole, Wyoming, on Friday.

Federal Reserve officials warned of "upside risks" to inflation during their July meeting that could warrant additional interest rate hikes this year.

A New York Federal Reserve survey released Monday shows consumers are bracing for inflation to remain above the central bank's 2% target in the long term.

The U.S. Labor Department said Friday that wholesale inflation, as measured by the producer price index, posted the first increase in 13 months in July.

The Federal Reserve is increasingly optimistic about achieving a "soft landing" and avoiding a deep recession, but Americans' dwindling pandemic savings could dampen consumer spending.

The Federal Reserve delivered another interest rate hike on Wednesday, raising rates to the highest level since 2001 as it tries to crush high inflation.

The Federal Reserve is expected to raise interest rates for the 11th time at the end of its meeting Wednesday as it continues its fight against inflation.

Two back-to-back inflation reports, the producer price index and the consumer price index, show inflation is easing from peak levels giving consumers and businesses a break.

The Labor Department said the consumer price index showed that inflation cooled last month, but underlying price pressures remained stubbornly high.

The Labor Department is releasing the key June consumer price index data this week, shedding light on how quickly inflation is receding from the economy.

Total interest on the national debt is poised to become the priciest part of the federal budget, outstripping spending on Medicare and Social Security.

A New York Federal Reserve survey released Monday shows consumers are bracing for inflation to remain above the central bank's 2% target in the long term.

The June jobs report is one of several key data points officials will debate when they meet at the end of the month to decide whether another rate hike is warranted.

The Labor Department's June jobs report is expected to show that the U.S. economy added 225,000 jobs last month despite aggressive interest rate hikes.

The Federal Reserve meeting minutes from June indicate that a majority of the central bank policymakers support additional interest rate hikes this year.

The Federal Reserve is releasing the minutes from its June meeting on Wednesday, offering a look at where officials see interest rates headed this year.