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WASHINGTON (AP) — The Federal Reserve’s favored inflation gauge accelerated slightly in August from a year earlier. The Commerce Department reported Friday that its personal consumption expenditures ...

The record-breaking US government shutdown is nearing an end after a group of moderate Senate Democrats agreed to support a ...

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The inflation rate is not zero; it’s currently at 2.9% year over year. That’s higher than the Fed’s 2% "price stability" target. The inflation rate also has been rising for the past four months. See ...

Record-breaking heat waves and rising data center power demand are contributing to escalating utility bills around the country that are outpacing inflation. As a result, customers are cringing, ...

Federal Reserve Bank of Cleveland President Beth Hammack said inflation that could stay above target until 2028 is a concern for her as she argues against interest-rate cuts. Speaking in an interview ...