Inflation jumped to a three-year high in May as the Iran war continued to fuel higher energy prices.

Trump argued energy costs temporarily pushed prices higher and said inflation would decline once the Iran conflict ends

Inflation is now at its highest level in three years. Here's what that could mean for mortgage interest rates.

The PCE price index for April was expected to show an annual inflation rate of 3.8% for all items and 3.3% for core.

The honest answer is that positioning for Fed credibility risk is difficult because it is a tail event, not a base case. The most probable outcome is that the new chair, regardless of political appointment dynamics,

There were some encouraging economic developments this week that millions of Americans likely warmly welcomed. The unemployment rate in January, for example, declined to 4.3% as employers added more than 100,000 jobs, a Wednesday report revealed.

By Indradip Ghosh BENGALURU, June 9 (Reuters) - The U.S. Federal Reserve will hold its key interest rate for the rest of 2026, according to a strong majority of economists in a Reuters poll, the first clear consensus on that view this year as war-driven inflation proves more persistent than expected.

Ahead of Warsh's debut as the top Fed banker, monetary policy is essentially neutral for the first time in 2½ yrs, according to TMC Research’s estimate. Inflation, though, is trending higher

Inflation is a gradual loss of purchasing power that is reflected in a broad rise in prices for goods and services over time. The inflation rate is calculated as the average price increase of a basket of selected goods and services over one year.

Lower gasoline prices and fading tariff effects are likely to nudge U.S. inflation lower by the end of 2026.