Wholesale prices in the US cooled in July, offering a welcome sign that inflation may be losing some momentum as lower energy costs helped ease price pressures.

US consumer prices are expected to have risen modestly in July, potentially easing market expectations of a Federal Reserve rate hike this year. However, inflation remains above…

U.S. consumer inflation slowed slightly to 3.4% on an annual basis in July despite unstable oil prices due to the Iran war, official data showed on...

US inflation eased to 3.4% in July, but broader price pressures kept the Federal Reserve's September rate decision uncertain amid a possible hike.

Wholesale inflation saw a notable decrease last month, easing price pressures. Gas prices reversed some earlier increases, contributing to this cooling trend. Core wholesale…