Inflation came in below economists' forecasts and slowed from December's 2.7% annual rate.
While the reading was cooler than expected, consumers still saw higher costs for computers, ​appliances​ and hospital care.
WASHINGTON, DC - JULY 26: Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting on July 26, 2023 at the Federal Reserve in ...
Economists are viewing the delayed November consumer price index report with a dose of skepticism. The Bureau of Labor Statistics reported that the annual headline inflation rate and core CPI rate for ...
Conventional headline inflation statistics are reported on a trailing annual basis, which makes them lagging indicators even in the best of times. Given the uncertainty that Mr Trump has introduced ...
Though a cause for concern, inflation does not necessarily spell disaster for folks attempting to save for a happy retirement. A recent Money and Mental Health Survey found that 43% of U.S. adults ...