Prices rose 2.7% in December from a year ago, a sign that inflation continues rising but in line with the pace seen in recent months.

Kansas City Fed president Jeff Schmid said Thursday he thinks inflation remains too high and cutting interest rates could drive it higher, eclipsing any benefit to the job market. "Right now, I see an economy that is showing momentum and inflation that is too hot,

President Donald Trump said December inflation data supports his calls for Federal Reserve Chair Jerome Powell to cut interest rates after CPI showed 2.7% annual price growth.

CNN was grilled on X Tuesday after users called out a perceived disparity in how the outlet framed inflation under President Donald Trump versus former President Joe Biden.

President Trump declared inflation “defeated” during a speech at the Detroit Economic Club on Tuesday despite a report earlier that day showing annual price growth of 2.7 percent, putting pressure

Inflation in metro Phoenix fell below the national rate in December as housing costs cooled, but groceries, energy and health care stayed high.