January’s 3.3% core inflation rate was higher than December’s 3.2%. Most forecasters had expected core inflation to fall in January, or at least remain about the same. As a result of this ...

Forecasters had expected inflation to slow down, but prices for food, gas, and housing pushed the inflation rate out of the 2% range for the first time since May. Higher inflation means the ...

Donald Trump on Wednesday morning dismissed a higher than expected inflation report as "Biden inflation" after making another call to lower interest rates. The US president reacted to the release ...

This rate is also higher than the inflation rate expected by analysts. This development comes right at the back of the Jerome Powell-led US Federal Reserve's decision to hold to the current ...

"Progress on mortgage rates is only expected to occur when inflation is contained," noted National Association of Realtors chief economist Lawrence Yun in an email. Aimee Picchi is the associate ...

Photo by Chip ... [+] Somodevilla/Getty Images. January inflation ran hot, and the odds of Federal Reserve interest rate cuts fell as total Consumer Price Index inflation accelerated to 3.0% ...

The January U.S. consumer inflation report came in hotter than expected and sent traders scrambling to further recalibrate their Federal Reserve rate cut expectations. Wall Street now sees only ...

An underlying inflation measure also accelerated. Some economists said the larger-than-expected price surge takes additional Federal Reserve interest rate cuts off the table until at least year's end.

In response to stubborn inflation, the Fed may hold off on further rate cuts. Back in December, it signaled that it expected to cut two more times in 2025. That seems far less likely now.

Wholesale prices rose more than expected ... rate cuts in the near term, and even stoked fears that central bankers may be tempted to raise rates. The PPI report confirms “that inflation did ...