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Fanned out dollars in front of a trader's screen to indicate inflation

US consumer inflation heats up but unlikely to deter cut

US consumer inflation rose last month to its highest level since January, government data showed today, although analysts believe that this is unlikely to deter the US Federal Reserve from an interest rate cut next week.

Business • 11 Sep

US Federal Reserve policymakers voted to keep interest rates unchanged at a range between 4.25-4.5% at their last meeting

US Fed more concerned with inflation risk than jobs

A majority of Federal Reserve officials found that risks surrounding US inflation outweighed those to employment, minutes of a recent policy meeting showed - underscoring a central bank divide over the effects of President Donald Trump's tariffs.

Business • 21 Aug

US inflation picks up in June, consumer spending rises

US inflation increased in June as tariffs on imports started raising the cost of some goods, supporting economists' expectations that price pressures would pick up in the second half of the year.

Business • 31 Jul

US consumer prices increase as expected in June

US consumer prices picked up in June, likely marking the start of a long-anticipated tariff-induced increase in inflation that has kept the Federal Reserve cautious about resuming its interest rate cuts.

Business • 15 Jul

Fed keeps rates steady but pencils in 2 cuts by 2025 end

The US Federal Reserve held interest rates steady last night and policymakers signaled borrowing costs are still likely to fall in 2025.

Business • 19 Jun

US inflation edges up as tariffs flow through economy

US consumer inflation ticked up in May, in line with analyst expectations, government data showed today as President Donald Trump's sweeping tariffs began to ripple through the world's biggest economy.

Business • 11 Jun

US consumer spending slows in April, inflation edges up

US consumer spending increased marginally in April as a rush to beat higher prices from import duties slowed.

Business • 30 May

US inflation advanced 2.4% in the 12 months to March after rising 2.8% in February, new figures show

US consumer prices unexpectedly fall in March

US consumer prices unexpectedly fell in March, but inflation risks are tilted to the upside after President Donald Trump doubled down on tariffs on imported Chinese goods even as he lowered duties on other nations.

Business • 10 Apr

The US personal consumption expenditures (PCE) price index rose 0.3% last month after an unrevised 0.1% gain in November, new figures show today

US inflation rising, consumer spending accelerating

US prices increased in December while consumer spending surged, suggesting that the Federal Reserve could delay cutting interest rates for some time this year.

Business • 31 Jan

The US consumer price index rose 0.4% last month after climbing 0.3% in November

US consumer prices rise above expectations in December

US consumer prices increased slightly more than expected in December amid higher costs for energy goods, pointing to still elevated inflation that aligns with the Federal Reserve's projections for fewer interest rate cuts this year.

Business • 15 Jan

The US consumer price index rose 0.2% for the fourth month in a row, new figures show today

US consumer prices rise as expected in October

US consumer prices increased as expected in October, and progress towards low inflation has slowed since mid-year, which could result in fewer interest rate cuts from the Federal Reserve next year.

Business • 13 Nov 24

In the 12 months to September, US inflation rose 2.4% - the smallest year-on-year rise since February 2021 and after a 2.5% advance in August

US consumer prices rise slightly above expectations

US consumer prices rose slightly more than expected in September, but the annual increase in inflation was the smallest in more than three and a half years, potentially keeping the Federal Reserve on track to cut interest rates again next month.

Business • 10 Oct 24

Consumer spending, which accounts for more than two-thirds of US economic activity, rose 0.2% last month after an unrevised 0.5% gain in July

US consumer spending rises in August, inflation slows

US consumer spending increased moderately in August, suggesting the economy retained some of its solid momentum in the third quarter, while inflation pressures continued to abate.

Business • 27 Sep 24

US inflation slowed to 2.5% in August from a year ago, down from 2.9% in July and the lowest annual figure since February 2021

US consumer inflation eases more than expected in August

US consumer inflation eased more than expected last month, according to government data published today, likely bolstering calls for the Federal Reserve to cut interest rates next week.

Business • 11 Sep 24

The US Federal Reserve has kept its benchmark overnight interest rate in the 5.25%-5.5% range, but also set the stage for a rate cut at its September 17-18 meeting

Fed holds rates steady, nods to possible September cut

The Federal Reserve held interest rates steady this evening but opened the door to reducing borrowing costs as soon as its next meeting in September as inflation continues coming into line with its 2% target.

Business • 01 Aug 24

US inflation continues to run above the US Federal Reserve's 2% target

US inflation cools in May; consumer spending up slightly

US prices were unchanged in May while consumer spending rose moderately, a trend that could draw the Federal Reserve closer to start cutting interest rates this year.

Business • 28 Jun 24

The US personal consumption expenditures (PCE) price index increased 0.3% last month, new figures show today

US inflation rises in line with expectations in April

US inflation tracked sideways in April, a worrying sign for the US Federal Reserve that suggests the elevated pace of price increases could last longer than expected and casts doubt on how soon it will be able to cut interest rates.

Business • 31 May 24

The US Federal Reserve's inflation fight has faced a setback this year

Fed officials urge patience on timing of first rate cut

Two Federal Reserve policymakers today said it was prudent for the US central bank to wait several more months to ensure that inflation really is back on a path to the 2% target before commencing interest rate cuts.

Business • 21 May 24

The US annual consumer price index came in at 3.4% in April, down 0.1 percentage point from March

US consumer inflation eases slightly in April

US consumer inflation eased slightly last month, according to US government data published today, a positive sign for President Joe Biden ahead of November's election.

Business • 15 May 24

The PCE price index is one of the inflation measures tracked by the US Fed for its 2% target

US inflation rises in line with expectations in March

US inflation rose moderately in March, but that is unlikely to change financial markets' expectations that the Federal Reserve will hold off cutting interest rates until September.

Business • 26 Apr 24

Inflation fight may take longer than expected - Fed chief

The US Federal Reserve's ongoing fight against inflation could take "longer than expected," the head of the US central bank said last night, further paring back the chances of early rate cuts.

Business • 17 Apr 24

The US consumer price index rose 0.4% last month after advancing by the same margin in February, new figure show today

US consumer prices rise more than expected in March

US consumer prices increased more than expected in March amid rises in the costs of gasoline and shelter, casting further doubt on whether the Federal Reserve will start cutting interest rates in June.

Business • 10 Apr 24

US Fed's progress against inflation not assured - Powell

The US Federal Reserve's progress in bringing down inflation is "not assured," the chair of the bank said today ahead of two days of hearings in Washington.

Business • 06 Mar 24

The US personal consumption expenditures (PCE) price index rose 0.3% last month, new figures show today

US inflation increases in line with expectations in Janua

US prices picked up in January, but the annual increase in inflation was the smallest in nearly three years, keeping a June interest rate cut from the Federal Reserve on the table.

Business • 29 Feb 24

The US consumer price index increased 0.3% last month after gaining 0.2% in December, new figures show today

US consumer prices rise more than expected in January

US consumer prices increased more than expected in January amid rises in the costs of housing and healthcare, but the pick-up in inflation likely does not change expectations that the Federal Reserve will start cutting interest rates in the first half of this year.

Business • 13 Feb 24

Us Inflation