Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.

Consumer Price Index showed an acceleration to 2.9%, the highest rate since July. With such high inflation, the Fed is unlikely to cut rates in January.

The incoming president is set to inherit three months of rising inflation from his predecessor, the Consumer Price Index shows.

core CPI also came in soft at 3.2% vs the median estimate of 3.3% "Today's CPI may help the Fed feel a little more dovish," writes Ellen Zentner, chief economic strategist for Morgan Stanley ...

Fed’s hawkish stance and potential reduction in rate cuts for 2025 have unsettled markets. Read more on market expectations, ...

Annual inflation ticked up for a third straight month in December as food, energy costs rose, CPI report showed. But ...

The Federal Reserve is likely to hold interest rates steady in its coming decision out Wednesday.

An applied Friedmanite, Volcker understood that excess growth of the money supply was the root cause of this ...

(Bloomberg) -- Federal Reserve Bank of Richmond President ... earlier Wednesday that showed the so-called core consumer price index, which excludes food and energy costs, increased a less-than ...

Gas, food, vehicle, and shelter costs are among the areas believed to have kept the CPI elevated. Inflation remains above the Fed’s target, and it’s widely believed that a rate cut is off the ...

Are we heading for a repeat performance of the resurrection of inflation that we saw in the mid-1970s? It sure appears to be ...