GDP grew by 1.5 percent in the second quarter following a 2.1 percent increase in the first quarter.

PCE inflation posted its first monthly decline in six years in June 2026, driven by energy prices tied to a U.S.-Iran ...

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 ...

Federal Reserve policymakers are losing patience with inflation, but the Fed is expected to keep its benchmark interest rate ...

(The Conversation) — Americans don’t need a press release to know that inflation is rising. Gasoline is above $4 per gallon amid the ongoing conflict in the Middle East and closure of the Strait of ...

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.

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 ...

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 FOMC decision was driven by the looming concerns over inflation, which has persistently stayed above the Fed's ...