Inflation remained stubbornly high in August, largely on the back of higher energy prices amid the Iran war, economists said.

The 12-month rate of inflation as of August 2026 is 3.4%, according to the Bureau of Labor Statistics (BLS). Energy inflation spiked to 16.9% as the status of the Strait of Hormuz remains uncertain.

By Howard Schneider and Ann Saphir WASHINGTON/SAN FRANCISCO, Sept 24 (Reuters) - US Federal Reserve officials, who have begun hiking interest rates to tame high inflation, believe they can do so ...

Wells Fargo made a significant call on interest rates six weeks ago. On May 13, its economists made a different one. And the reasoning behind the reversal says something important about how this bank ...

When inflation is high, prices for some goods and services tend to rise much faster than others. By contrast, when inflation ...

Recent elevated inflation readings are "much more likely to be transitory this time" compared to the post-pandemic surge, according to Stephen Miran, Hudson Bay Capital senior strategist. The former ...

We're less than two months away from one of Social Security's most anticipated days: the announcement of the 2027 cost-of-living adjustment (COLA). On Oct. 14, Social Security recipients will learn ...

When it comes to inflation, the Federal Reserve seems to be suffering from confirmation bias. No matter how many new clues keep challenging the Fed’s fundamental belief that today’s inflation is but a ...

WASHINGTON, April 10 (Reuters) - When surging U.S. inflation peaked in June of 2022, driven by rising ⁠prices ⁠for energy but also for food, shelter, vehicles, and a host ⁠of other items, Federal ...

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