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,

Add Yahoo as a preferred source to see more of our stories on Google. The Labor Department’s March CPI shows how prices are changing, from groceries and rent to gas. Headline inflation rose 3.3% from a year ago, driven by gasoline prices tied to the Iran ...

WASHINGTON, April 15 (Reuters) - High oil prices are likely to keep underlying inflation nearly a percentage point above the ⁠Federal ⁠Reserve's 2% target for the rest of this year, with the ⁠U.S. central bank likely needing to leave interest rates ...

The Federal Reserve may have to raise interest rates multiple times if the U.S.-Israeli war against Iran drags on, Federal Reserve Bank of Minneapolis President Neel Kashkari said. Both inflation and unemployment could rise if the Strait of Hormuz stays closed,