The report is the last of its kind before the Federal Reserve meets again in two weeks. With the employment report for December showing the unemployment rate sinking back to a relatively healthy 4.4 percent, officials are expected to hold interest rates steady after cutting them three times since September.

The consumer price index showed a 0.3% increase on the month, putting the annual inflation rate at 3%, both lower than expected. Excluding food and energy, core CPI showed a 0.2% monthly gain and an annual rate also at 3%, less than forecast. The Bureau of ...

President Donald Trump welcomed December inflation figures released on Tuesday, saying they supported his push for Federal Reserve chair Jerome Powell to cut interest rates.

Williams is one of many Fed officials who have said the central bank can afford to wait for more data before considering whether to lower interest rates again.

Inflation is on the rise again. That was the major economic takeaway on Friday morning after the Bureau of Labor Statistics released its delayed reading on inflation for September. Released later than planned due to the ongoing government shutdown, the ...