Inflation has pulled back significantly from its pandemic-era peak of 9.1% in June 2022. It's moving toward policymakers' long-term annual target, near 2%.

This increase was mainly driven by soaring air fares - which jumped by 30.2% - driven by higher school holiday prices - ...

All of this suggests to ING Economics that not only will inflation fall back to the Fed's 2% target by April of 2024, but that it will continue to dip even lower to about 1.5% during the summer ...

Inflation soared as high as 9.1% last year, as a post-pandemic demand boom and supply-chain problems drove up prices. In response, the Federal Reserve hiked interest rates from virtually zero to ...

Deutsche Bank published estimates for how the tariffs will impact its forecasts for economic growth and inflation. Deutsche predicts gross domestic product will grow by about 1% this year if the ...

In September, shelter inflation throttled back on a monthly basis, to 0.2% from 0.5% in August. That's among the most encouraging signals in the latest CPI report, economists said.