WASHINGTON, Sept. 18 (Yonhap) -- Bank of Korea Gov. Rhee Chang-yong said Thursday that inflation targeting is a "good" tool to "shrug off" political pressure, as the U.S. Federal Reserve has been ...

Inflation rose one-tenth of a percentage point to 2.7% for the year ending in August, the Bureau of Labor Statistics reported Friday in an update to the Federal Reserve’s preferred gauge. Economists ...

President Donald Trump is facing political pressure over too-high inflation, in what could be a key challenge for Republicans heading into the midterm elections next year. Inflation under former ...

The inflation rate is not zero; it’s currently at 2.9% year over year. That’s higher than the Fed’s 2% "price stability" target. The inflation rate also has been rising for the past four months. See ...

Federal Reserve Bank of Cleveland President Beth Hammack said she remains laser-focused on inflation and officials should be cautious about interest-rate cuts to avoid overheating the economy. Hammack ...

Turkey is in a "historic struggle" against those seeking to shackle it with high interest rates, inflation and exchange rates, President Tayyip Erdogan said on Tuesday after naming a new finance ...

Tungsten makes up as much as 75% of the drillbits deployed in oilfields. The metal's price has surged to over $600 per metric ...

Consumer spending came in strong even as the Fed’s preferred inflation gauge remained stubbornly high in August – though not enough to dash hopes for an interest rate cut next month. Personal ...

SYDNEY—Inflation pressures are once again building in Australia, with a monthly reading of price pressures hitting its highest level in just over a year in August. The monthly consumer-price index ...

Gov. Kathy Hochul is warning New Yorkers about scams targeting the state’s new inflation refund checks. Scammers are sending text messages, voice messages, emails and direct mail to taxpayers stating ...

Federal Reserve Bank of Cleveland President Beth Hammack said inflation that could stay above target until 2028 is a concern for her as she argues against interest-rate cuts. Speaking in an interview ...

The central bank is grappling with how quickly to lower interest rates after restarting cuts on Wednesday, amid mixed economic signals and a relentless White House pressure campaign. By Colby Smith ...