The inflation reading, the lowest since May 2025, shows grocery, gas and rent prices are cooling.
Inflation remained elevated in November at a level well above the Federal Reserve's target rate as policymakers weigh potential interest rate cuts next year. The Bureau of Labor Statistics said on ...
A cooler-than-expected reading and a strong jobs report are likely to keep the Fed on hold on interest rates.
Millions of Americans braced for runaway inflation in response to President Donald Trump's aggressive import tariffs. They're still waiting.
During his remarks at a Detroit Economic Club meeting in January, President Trump scrambled to explain why costs aren't going down. Trump stated, "We inherited the worst inflation in history." ...