Lowering interest rates may not be on the table if inflation stays elevated.

U.S. inflation cooled last month as the cost of gas, clothes, and used cars fell, providing some relief to consumers, while underlying price pressures also slowed more than expected. Consumer prices ...

Inflation eased in June but economists say tariffs, AI-driven demand and renewed fighting between the U.S. and Iran could keep price pressures elevated for months to come.

Stay up to date with our Up First newsletter, sent every weekday morning. Soaring gasoline prices, triggered by the U.S. war with Iran, have pushed inflation to its highest level in more than three ...

Fed Chair Kevin Warsh told lawmakers the central bank won't tolerate persistently elevated inflation and will take the steps needed to preserve price stability.

Barrenjoey economist Jo Masters thinks the Reserve Bank will need to raise rates next month, and possibly again in November.

Kevin Warsh appeared before lawmakers on Capitol Hill for the first time as Fed chairman, where he delivered his semiannual testimony to the House Finance Committee. • Warsh reaffirmed the central ...

The U.S. war with Iran and the resulting spike in energy prices have pushed inflation to its highest level in nearly two years. A report from the Labor Department Friday showed consumer prices in ...