Inflation

Liu Jie/Xinhua via Getty Images (WASHINGTON) — Federal Reserve Chair Jerome Powell said Tuesday that the central bank’s fight against inflation has “a long way to go,” citing a blockbuster jobs report last week that showed the labor market remains hot despite the Fed’s efforts to cool the economy. “This process is likely to take […]

Javier Ghersi/Getty Images (NEW YORK) — Consumer prices rose 6.5% last month compared to a year ago, extending a months-long slowdown of price hikes and bolstering hopes that the U.S. can avert a recession. Year-over-year inflation has fallen for six consecutive months since it reached a peak of 9.1% in June. Despite the slowdown in […]

Javier Ghersi/Getty Images (NEW YORK) — Inflation data set for release Thursday will show whether months of cooling price increases continued in December. Evidence of further slowing would ease the strain on household budgets and bolster hopes that the U.S. can avert a recession. A sign that inflation turned upward, however, would indicate that the […]