Inflation in consumer prices has plummeted from a four-decade high 9.1% in June 2022. Yet despite having reached relatively low levels, it has so far remained persistently above the Fed’s 2% target.

US Wholesale Inflation Accelerated in November in Sign That Some Price Pressures Remain Elevated WASHINGTON (AP) — Wholesale costs in the United States picked up sharply last month, signaling ...

WASHINGTON (AP) — Wholesale costs in the United States picked up sharply last month, signaling that price pressures are still evident in the economy even though inflation has tumbled from the ...

The wholesale price report comes a day after the government reported that consumer prices rose 2.7% in November from a year earlier, up from an annual gain of 2.6% in October. The increase, fueled ...

Despite the modest upticks in inflation last month, the Federal Reserve is poised to cut its benchmark interest rate next week for a third consecutive time. In 2022 and 2023, the Fed raised its ...