Inflation has cooled notably, but a pickup in annual price increases underscores that it is not fully back to normal.
Powell's comments come as investors seek hints of the Fed's intended easing path after a 25 basis point cut last week.
Fed policymakers on Wednesday held open the door to a go-slower approach, in the face of data showing the labor market ...
Federal Reserve Chair Jay Powell said the central bank does not need to be 'in a hurry' to lower interest rates, and that the ...
The latest producer price index numbers were released on Thursday morning, a day after the consumer price index showed ...
The Federal Reserve might not see much more inflation relief before it decides next month whether to keep cutting interest ...
Asian shares drifted higher Thursday after US inflation data supported the case for another Federal Reserve rate cut next ...
While the rate of inflation is now below the Fed’s 2% target in both cities, costs of living—particularly rents—remain ...