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Economists at Bank of America and Goldman Sachs forecast inflation will shoot up to more than 3.5% by year’s end.
The federal government is scaling back data collection used to calculate the inflation rate because of staff shortages.
Inflation barely budged in April as tariffs President Donald Trump implemented in the early part of the month had yet to show ...
Consumer spending slowed despite rising incomes, potentially an early reaction to higher prices on some imported goods.
The Fed's preferred inflation gauge, the PCE index, showed that price growth eased in April as inflation numbers trended ...
April personal consumption expenditure inflation was up just 0.1% for an annual rate of 2.1%, according to a Friday Bureau of ...
U.S. consumer spending increased marginally in April as a rush to beat higher prices from import duties slowed. Consumer ...
The Labor Department has cut back on the inflation data it collects because of the Trump administration’s government hiring ...