According to a report sent to clients, Bank of America expects the data to show that PCE inflation in July increased 2.6% ...

Importers typically offset the tax burden in the form of higher prices for shoppers, though so far tariff-induced price ...

From inflation to recession, we who cover the economy and business at NPR get asked about tariffs all the time. Here are some ...

More than half of respondents to the trade group’s U.S. consumer trends survey for August said tariffs were their primary ...

The president says his tariffs will spur America into a "golden age," but that remains far from certain. Here are five things ...

Those tariffs, and rising inflation, could prompt the Federal Reserve to lower interest rates. The "core" inflation rate, which excludes food and energy prices, was 2.9% in the 12 months through June.

On a monthly basis, in fact, inflation was mostly tame. Prices rose just 0.1% in May from April, according to the Commerce Department, the same as the previous month.

Inflation likely ticked up in July for the third straight month as tariffs lift the cost of imported goods such as furniture, appliances, and toys, which could make it harder for the Federal ...