Inflation is at a three-year high — and now many Americans are burning through their savings

High gas prices pushed up inflation again last month while adding to Americans’ financial strain: Households are saving at ...

Core inflation hit an annual rate of 3.3% in April, as expected, Fed’s preferred gauge shows

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.

First inflation report under new Fed chief shows prices still rising

The personal consumption expenditures price index, the Federal Reserve's preferred gauge of inflation, jumped due to higher energy costs.

Key inflation gauge worsens as Americans’ incomes and spending power erode

In addition to gasoline, prices for groceries, clothing and electricity are also on the rise, indicating inflation could ...

Fed's Musalem says rate hike may be needed if inflation doesn't ease

By Ann Saphir May 28 (Reuters) - St. Louis Federal Reserve President Alberto Musalem on Thursday said the central bank may ...

With inflation at 3-year high, a peace deal with Iran could still spell a Fed rate hike

As inflation reaches its highest level in three years and the war in Iran crosses the three-month mark, Federal Reserve officials are carefully attuned to whether inflation becomes sticky enough that ...

Inflation rate projected to hit 6% in the second quarter, top economic forecasters say

The recent surge in inflation is likely to get worse over the next several months, according to a survey Friday.

Gold hits two-month low as war-driven inflation fuels rate-hike bets

By Anjana Anil and Anmol Choubey May 27 (Reuters) - Gold prices fell to a two-month low on Wednesday, pressured by ...

Here's what experts say to expect from mortgage rates now that inflation keeps rising

With inflation continuing to rise, borrowers need to understand the impact on the mortgage interest rate climate.

More Fed policymakers eye possible rate hike as inflation risks rise

By Michael S. Derby May 29 (Reuters) - Federal Reserve officials continued on Friday to signal the U.S. central bank may need ...