The Latest Breaking News from Inflation

The market’s been on fire Tuesday after inflation news sent the S&P 500 to a two-month high. Hiding amongst all the green today is an Alabama construction company that’s up 7% and hitting a 52-week high for the 23rd time in 2023.

But many economists say a key reason why so many Americans hold a gloomy view of the economy is that prices — on items that they buy regularly — remain much higher than they were three years ago.

Tuesday's cooler-than-expected CPI report lit a fire under stocks.

“The Fed is increasingly likely to be in a position to cut rates in the second quarter of 2024,” Lazard's chief market strategist says.

Pay growth remained close to record highs at 7.7%, official figures revealed today

Economists expect October’s reading to fall almost two points to 4.8%, helped by drop in energy prices

A softer-than-expected CPI report could mean the Fed is done raising interest rates this cycle.

A union representing German train drivers says it is calling its members out on a 20-hour strike later this week as a rancorous round of pay negotiations with the country’s main rail operator gets under way

The mood on Wall Street relays cautious optimism as stock futures traded modestly higher ahead of the open on Tuesday

With higher interest rates and sticky inflation undercutting the purchasing power of most consumers, value retailers are holding up against a broader spending pullback as anxiety over the economy prompts shoppers to seek discounts and deals. Many of the off-price retailers, such as TJX Cos (TJX ), Ross Stores (ROST...

High inflation, rising interest rates and cost overruns may wipe out the South Australian government's projected budget surplus, the auditor-general has found.