While the consumer price index is more commonly known, the Fed relies heavily on the PCE for deciding its stance on monetary ...

U.S. consumer spending unexpectedly fell in May as the boost from the pre-emptive buying of goods like motor vehicles ahead ...

The Federal Reserve's targeted inflation measure ticked slightly higher in May, but the numbers didn't show a big ...

Colombia's central bank held the benchmark interest rate at 9.25% on Friday, as predicted by the market, on the back of ...

Federal Reserve Bank of Richmond President Thomas Barkin said on Thursday tariffs are very likely to push inflation up over ...

Recent U.S. inflation data has been "quite positive" but some of the inflationary effect of tariffs may just be delayed, ...

Higher inflation from tariffs is still expected to flow through the U.S. economy, but Wall Street investors aren’t expecting ...

Federal Reserve Chair Jerome Powell on Wednesday said the US central bank is still struggling to determine the impact of ...

Federal Reserve Chair Jerome Powell said the US central bank is still struggling to determine the impact of tariffs on ...

Federal Reserve Bank of Chicago President Austan Goolsbee said the central bank could resume interest-rate cuts if the ...

U.S. inflation remained surprisingly muted through May, with limited impact from President Donald Trump’s tariffs. But U.S.

Federal Reserve Chair Jerome Powell testified on Capitol Hill Wednesday about the state of the U.S. economy. CBS News senior ...