Inflation is now well above the Federal Reserve's 2% target, which it has surpassed for more than five years.

Follow the latest news on the major headlines of the day.

Consumer prices probably jumped in May for the third straight month, heightening concerns for the inflation fighters at the Federal Reserve and underscoring the threat rising…

Inflation rose 4.2 percent in May, the highest since 2023, keeping prices above the Fed’s target and increasing the odds of a rate hike later this year.

Consumer prices probably jumped in May for the third straight month, heightening concerns for the inflation fighters at the Federal Reserve and underscoring the threat rising…

The soaring cost of living is a political liability for President Donald Trump and his Republican Party ahead of November midterms

WASHINGTON (AP) — El aumento de los precios de la gasolina impulsó la inflación al nivel más alto en tres años el mes pasado, un dolor de cabeza para la Reserva Federal y un…

U.S. inflation climbed to a fresh three-year high in May, according to official data released Wednesday, as the economic fallout from U.S. President Donald...

WASHINGTON: US consumer inflation increased at its fastest pace in three years in May as the Middle East conflict raised the price of gasoline and other energy products, giving…

Americans have been battered by years of higher-than-expected inflation. Read more at straitstimes.com. Read more at straitstimes.com.

Annual inflation accelerated to 4.2% in May, driven largely by higher fuel costs, as rising prices continue to weigh on household budgets and cloud the Federal Reserve's…

The soaring costs are a major issue for American voters as they head to the midterm election in November.

The soaring costs are a major issue for American voters as they head to the midterm election in November.

Inflation is now well above the Federal Reserve's 2% target, which it has surpassed for more than five years.

US consumer inflation likely increased at its fastest pace in three years in May as the Middle East conflict raised prices of energy products, which would provide more ammunition…

US inflation rises to 4.2% as gas prices surge, driven by global tensions. Fed faces pressure as households struggle with higher costs across the economy.

The consumer price index increased 4.2% in the 12 months through May, boosted by surging prices for energy products amid the West Asia conflict, and giving more ammunition for the…

The 4.2% inflation rate is the highest since April 2023