Rising gas prices pushed inflation to its highest level in three years, new data showed this week, a headache for the Federal Reserve and a potential political challenge for the Trump administration as midterm elections near.

America's consumer prices surged in May, reaching their highest in three years. This jump, fueled by rising gasoline costs due to Middle East conflict, gives the Federal Reserve…

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...

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

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 markets stumbled as inflation data sparked fears of interest rate rises in the coming months.

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.

merican inflation climbed to a three-year high of 4.2%, driven almost entirely by oil, and the Dow tumbled more than 950 points as President Trump threatened fresh strikes on Iran.

Rising gas prices pushed inflation to its highest level in three years, new data showed this week, a headache for the Federal Reserve and a potential political challenge for the…