Chicago Fed chief Austan Goolsbee called the April inflation report 'comforting' but said he needs to see several more as ...

The latest Consumer Price Index report for April showed a slowing in inflation to 2.3% year over year, the lowest rate in four years ... s largely driven by the cumulative impacts of years ...

The CPI report was cooler than expected, although inflation is still higher than the Federal Reserve's 2% annual goal.

Inflation was slightly lower than expected in April as President Donald Trump's tariffs just began hitting the slowing U.S. economy, according to a Labor Department report Tuesday.

Inflation rose slightly in April and remained above the Federal Reserve's target rate as the economic impact of higher tariffs is expected to impact consumer prices in the coming months.