The US has been in a K-shaped economy. New research explains what's driving that, including inflation's impact.

Both the ECB and BOE, facing a mix of weaker growth and higher inflation, held interest rates steady.

Consumers faced escalating prices in March as the Iran war sent oil soaring and created a new level of challenges for the Federal Reserve. The core personal consumption expenditures price index, which excludes food and energy,

T he war against Iran that America and Israel launched two months ago caused a surge in oil prices, which could reignite inflation around the world. On April 30th America’s Bure

As the cost of oil continues to rise, so too does the rise of prices on everything from gas to groceries. On Thursday, the Commerce Department’s Bureau of Economic Analysis announced the largest jump in inflation since 2022 with the Personal Consumption Expenditures Price Index (PCE) rising 0.

On Thursday, April 30, economists Anil Puri and Mira Farka revised their predictions for the year, writing in a semi-annual report that they expect inflation to climb into “the high-3s,” up from the previously anticipated 3.5% in the year’s first three months.

Prices grew at a far more rapid rate in March as the war in Iran drove a significant increase in inflation, according to data released Thursday by the Commerce Department. The annual inflation

The chief concerns of Americans going into the 2024 election were inflation and the economy, and polls at the time showed that voters trusted Donald Trump more on those issues than they did Kamala

Soaring oil prices linked to the Iran war pushed inflation higher in the euro area in April, while growth continued to underperform — a worrying combination for both consumers and policymakers at the European Central Bank.

The Federal Reserve’s meeting this week was the most divisive in decades, a sign that President Trump’s pick to lead the central bank will face opposition if he pursues substantially lower interest rates.