The survey director noted that long-range inflation expectations have increased quickly, calling it an “unusually large increase."

WASHINGTON (NEXSTAR) — A new report out from the Commerce Department shows inflation cooled off slightly last month. The Personal Consumption Expenditures price index showed inflation rose 2.5% from the year before, down from December’s 2.6%.

Investors have grappled with high inflation since the pandemic. But perhaps they shouldn't be so quick to dismiss inflation after all.

U.S. consumer spending unexpectedly fell in January while the annual increase in inflation slowed, supporting financial market expectations that the Federal Reserve would resume cutting interest rates in June.

A key price gauge declined last month, a sign that inflation may be cooling though stiff tariffs threatened by the White House threaten that

Spending fell 0.2% for the month. Adjusted for inflation, it sank 0.5%. Those are the biggest monthly declines since February 2021.

Recent surveys showing a rise in consumer inflation expectations mean the U.S. central bank needs to keep its focus on ensuring price pressures are fully contained, Kansas City Federal Reserve President Jeff Schmid said on Thursday,

During the first month of his second term, Donald Trump’s popularity started out mildly positive but has slowly eroded, according to the FiveThirtyEight averages. As of January 24, his job-approval ratio was 49.

Federal Reserve officials at a meeting last month pointed to rising risks that inflation could worsen, a key reason they kept their benchmark interest rate unchanged

U.S. consumer confidence plummeted in February, the biggest monthly decline in more than four years, a business research group said Tuesday.

Wall Street is falling again Tuesday as U.S. households get more pessimistic about the economy because of inflation, tariffs and other policies coming from Washington.