A car-buying frenzy, stoked by tariff fears, drove US consumer spending in March to its biggest monthly gain in more than two ...

Tariffs hadn't raised the cost of living as of March, according to Wednesday's report on the Federal Reserve's preferred measure of inflation.

After years of stable inflation, rates skyrocketed as the U.S. economy adjusted to post-COVID norms and supply chain bottlenecks. The years that followed saw notable price increases in consumer ...