U.S. inflation rose to 3 percent in January, strengthening the case for the Federal Reserve to extend a pause on interest rate cuts.

Investors are now betting that the Federal Reserve will cut interest rates just once more this year, a drastic shift in expectations since late 2024.

Consumer prices rose 3%, extending a recent pattern of increases at the start of the year that likely derails the prospect ...

Economists expected consumer prices to rise 0.3% on a monthly basis in January, and for the annual inflation rate to rise to ...

The price of eggs rose 15.2% from December to January on a seasonally adjusted basis and 53% from January 2024 to last month ...

A disappointing inflation reading and soaring egg prices have undermined Trump's promise to reduce costs on "day one." ...

It’s not immediately clear whether the firings are legal, as the Trump administration is required to give a 30-day notice.

US consumer prices came in hotter than expected in January as inflation showed few signs of weakening, dashing hopes for ...

The consumer price index (CPI) increased by 0.5 percent in January to hit an annual increase of 3.0 percent after advancing by 2.9 percent in December. Economists were expecting the CPI to ...

Inflation accelerated in January, rising 3% on an annual basis, indicating that the Federal Reserve's push to drive inflation down to a 2% annual rate has stalled out, at least temporarily.

Inflation slowed through much of last year – falling as low as 2.4% from a 40-year high of 9.1% in mid-2022 – but it has remained stubbornly high since fall. The cost of services such as car insurance ...