That's down from 3% in January. The deceleration is encouraging after fears in recent months that inflation had become entrenched and wasn't falling back to target. "Progress is bumpy," said Michael ...

For context, a consistent CPI reading of about 0.2% each month would generally be in line with target inflation, economists said. Egg prices jumped about 8% in the month alone and are up 38% over ...

Line graph showing various measures of inflation and the Federal Reserve's policy rate of interest. Though an improvement, progress towards the Fed's 2% target has been slow in recent months ...

Line graph showing various measures of inflation and the Federal Reserve's policy rate of interest. Macro Matterscategory US business activity rises in March, but sentiment deteriorates further 1: ...

When volatile food and energy costs are factored out, the Federal Reserve’s preferred measure of inflation increased 2.6% from one year ago, in line with expectations. The PCE Price Index ...

The graph below depicts the U.S. unemployment rate (U-3 measure) from around 1948 to 2022. Shaded areas represent periods of recession. Generally, unemployment and inflation have an inverse ...