The Federal Reserve’s rate-setting committee is split over whether inflation is likely to stay elevated or whether it will cool once the Iran war winds down, according to minutes released Wednesday.

The worst of America’s inflation resurgence may be over, but that doesn’t mean the inflation resurgence is over: Prices could keep rising uncomfortably for years.

Sales of previously occupied U.S. homes slowed in June, but a key measure of home prices climbed to an all-time high, adding to prospective homebuyers’ affordability challenges. Existing home sales fell 2.

Americans are paying an average of $4.50 per gallon, up about 50% since the start of the conflict. Fuel prices impact just about everything, and that's reflected in April's Consumer Price Index (CPI) increase, which came in higher than anticipated at 3.8%.

For much of the past two years, Wall Street treated long-run inflation expectations as the boring part of the macro story. Short-run prints whipped around. The five-year horizon stayed anchored. That assumption broke this month. The Cleveland Fed just ...

A closely watched inflation report is set to reveal how much price growth picked up in May — as many Americans remain mired in an affordability crunch.

Consumer and wholesale prices are rising at the fastest rate in three years due to the Iran war Higher prices have forced Americans to be more choosy about what they buy. The surge in gasoline prices tied to the Iran war is set to drive U.S. inflation to a ...

President Donald Trump boldly declared that he loved "the inflation" as prices hit an all-time high under his second administration and claimed that he had brought inflation down. Speaking to reporters in the Oval Office of the White House on Wednesday ...

Inflation is at a three-year high. And yet, under the leadership of its new chair, Kevin Warsh, the Federal Reserve did not raise rates this month to help cool the economy down. Our colleagues from The Indicator podcast, Darian Woods and Wailin Wong, ask ...