Fed officials predict their preferred measure of annual inflation will rise from 2.1% in April to 3% by year-end, above the 2.7% they projected in March, according to their median estimate.

That’s evident when looking at the Fed’s preferred inflation gauge, the PCE index, which rose to a 12-month rate of 2.1% in April from 2.3% a month before, matching the lowest level since the ...

Federal Reserve officials agreed earlier this month to hold off on any interest-rate moves while they evaluated the impact of President Trump’s tariffs on inflation, unemployment, and the ...

U.S. Federal Reserve officials at their last meeting acknowledged they could face "difficult tradeoffs" in coming months in the form of rising inflation alongside rising unemployment, an outlook ...

Powell said the inflation will likely be temporary, but "could also be more persistent," echoing a concern expressed by a majority of the Fed's 19-member interest rate-setting committee in the ...

Federal Reserve Chair Jerome Powell has signaled the Fed isn't in a hurry to cut rates as it monitors inflation and the health of the labor market. (Michael M. Santiago/Getty Images / Getty Images) ...

The Federal Reserve first blamed high inflation on the Covid-19 pandemic. Then the war in Ukraine became the accepted contrivance. The Fed’s stories came wrapped in gauzy rhetoric about supply ...

Subsequent stronger labor market data suggested those fears were overblown, and with inflation continuing to fall - by the Fed's targeted measure it registered 2.1% in September - the central bank ...

Inflation first spiked in the spring of 2021. Yet the Fed, under the mistaken impression that high inflation would prove “transitory,” didn’t begin raising rates until nearly a year later.

While the Fed uses a whole dashboard of indicators to measure inflation, the PCE index is its go-to data point and its sole forecasting tool when members release their quarterly projections ...

Inflation has fallen significantly from a peak of 9.1%, but price increases have barely budged in recent months and remain more than a percentage point higher than the Fed's target rate of 2%.

The Fed's goal of keeping rates high until inflation falls to 2% has significant implications for consumers, investors and the U.S. economy.