The economy finds itself in an uncomfortable position where growth is cooling while inflation pressures intensify. The Fed's preferred inflation measure (PCE) shows core inflation at 2.

Persistent inflation remains a pain point for consumers — and for the Federal Reserve as it weighs whether to lower interest ...

Mexico’s prices rose much less than expected earlier this month while the economy grew modestly in the second quarter ...

The latest economic data keeps the central bank on track to lower interest rates at its next meeting in September.

Core inflation, which excludes volatile food and energy prices but also places more weight on housing services prices, edged up.

Prices rose at an annual pace of 2.6% in July, the same rate as the previous month and in line with economist forecasts.

Federal Reserve Chair Jerome Powell said the balance of risks to the labor market and inflation have shifted, signaling a ...