Fed's favored inflation gauge shows cooling price pressures, clearing way for more rate cuts
Compared with a year earlier, inflation fell to 2.2%, down from 2.5% the previous month and barely above the Fed's 2% inflation target. The cooling of inflation might be helping to erode former President Donald Trump's polling advantage on the economy.
Grocery costs barely rose last month, according to Friday's report, and energy costs dropped 0.8%, led by cheaper gasoline.
Experts warn that consumers will run into issues over the coming months if port workers strike next week. It will limit ...
Starter homes are no longer simply small, affordable first homes. Instead, they have become a homeownership entry point, ...
The kingdom is resigning itself to a period a lower prices, sources told the FT. Oil markets spiraled on the news, falling as ...
The United States Postal Service announced that First-Class postage, currently at 73 cents, will go up five times through ...
Longshore workers at ports along the East Coast and Gulf coast are threatening to strike by Tuesday. The impacts could be ...
Donald Trump vows the price of gasoline will drop under $2 a gallon if he’s president. But there’s no way he can simply make ...
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Longshore workers at ports from Maine to Texas are set to walk off the job early Tuesday, staging what could become the most ...
Bird flu is to blame for rising eggs prices in August as the price for a dozen eggs rose to $3.20, an increase of 28% ...
Disney follows in the footsteps of Netflix in looking to convert Disney+ password-borrowers into paying customers.
Using inflation as an excuse, corporate profiteering is driving up the price of groceries, writes columnist Pat Beall. How do ...
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