Inflation has fallen sharply enough for the Federal Reserve to cut interest rates three times in 2024. But Americans are still deeply concerned about higher prices, which have hit some groups more acutely than others. The Federal Reserve has projected two ...

Inflation has cooled considerably since peaking in June 2022, but the annual rate remains above the Federal Reserve's goal of 2%. Fed officials and economists expect inflation to stay above the central bank's target level in 2025. Economists say that the tariffs that President-elect Donald Trump has pledged to implement could drive up prices.

Inflation will remain above the Federal Reserve’s target, with President-elect Trump’s policies limiting production while stimulating spending. Click to read.

Inflation has remained stubbornly elevated. Here's why economists are concerned sticky price increases could continue next year.

Some people expected a downturn in 2022 – and again in 2023 and 2024 – due to the Federal Reserve’s hawkish interest-rate decisions. The Fed raised rates rapidly in 2022 and held them high throughout 2023 and much of 2024. But in the last four months of 2024, the Fed slashed rates three times – most recently on Dec. 18.

Still, pockets of the food industry currently experiencing shortages due to disease or weather could continue to see higher prices, economists have told CNN. Plus, they note that volatility in food prices could heighten as weather events grow more extreme and geopolitical troubles worsen.

Former President Jimmy Carter passed away at the age of 100 on Sunday, and his White House tenure, which was marked by high inflation, has drawn parallels to President Joe Biden's. The passing of former President Jimmy Carter on Sunday came as current ...

The Federal Reserve’s preferred inflation gauge moved slightly higher in November — but not as much as economists were expecting, an indication that price hikes aren’t accelerating in a worrisome fashion.

The incoming Trump administration will continue Biden's protectionist and fiscally loose economic policies, while the Middle East looks more dangerous than ever, Philip Pilkington says

The dollar edged higher on Thursday on expectations the currency would be boosted next year by policies by the incoming Donald Trump administration.

Turkey imposed a 6% tax hike on fuel on Tuesday, after its finance minister said over the weekend that tax moves on fuel and tobacco would not affect the government's inflation goal. The special consumption tax per litre for fuel has been increased by around 6%,

Pakistan's consumer inflation rate slowed to 4.1 per cent year on year in December, the statistics bureau said on Wednesday, the lowest in more than 6-1/2 years.The South Asian country is navigating a