Annual inflation slowed for the second month in a row, cooling to 3.4% in July as prices at the pump delivered less of a bite, according to new data released Wednesday by the Bureau of Labor Statistics.

July’s consumer price index (CPI) report drew conflicting interpretations from economists on Wednesday, as the same data was read as a sign of disinflation, a case against current Fed policy, and grounds to question the numbers themselves.

When prices spiked in 2021-22, wages failed to keep up for many workers, new research shows. Now the pattern is repeating.

Chicago Federal Reserve Bank President Austan Goolsbee on Thursday said the latest U.S. inflation data has been a "little better," and he is ​hopeful that as the effects of tariffs and higher ‌oil prices from the Iran

Markets prepare for fresh economic signals and major corporate results with Nvidia's earnings report headlining the busy week ahead

An above-average increase is likely on the way, but will retirees feel the full effect?

Gold fell nearly 1% on Thursday as investors locked ​in gains after prices ​climbed to two-month highs ​following U.S. inflation data that was in line with expectations, tempering expectations for a Federal Reserve rate hike next month.

JOHANNESBURG, Aug 19 (Reuters) - The South African rand was little changed in early trade on Wednesday as investors awaited inflation data that is expected to show a moderation in price pressures. • At 0615 GMT,