Wall Street's main indexes were set to open higher on Friday on gains in Apple following its strong sales forecast, with an ...

One of the most consequential takeaways from the latest PCE report showed that core inflation, which excludes volatile food and energy prices, was stable in December. An earlier reading from the CPI ...

An inflation gauge closely watched by the Federal Reserve rose slightly last month, the latest sign that some consumer prices ...

Traders on Friday kept bets that the Federal Reserve will wait until June to resume interest rate cuts, after government data ...

Consumer spending, which accounts for more than two-thirds of U.S. economic activity, jumped 0.7% in December after an ...

The central bank needs to see further progress on inflation or weakness in the labor market to resume interest rate cuts.

The latest reading on the Fed's preferred inflation gauge comes just two days after the central bank paused its interest rate cutting cycle.

Inflation rose two-tenths of a percentage point to 2.6% for the year ending in December, the Bureau of Labor Statistics reported Friday in an update to the personal consumption expenditures index, the ...

Fed Chairman Jerome Powell said earlier this week he expects inflation to turn lower again, but he did not say when he expected it to happen. The most recent Fed forecast shows PCE inflation ending ...

Federal Reserve Governor Michelle Bowman said she wants to see additional progress on inflation before the central bank ...