Wholesale inflation rose from 2.8% in October to 3.0% in November, according to the latest Bureau of Labor Statistics report.

U.S. Federal Reserve Chair Jerome Powell after the press conference following the Fed’s interest rate cut Wednesday. (Kevin Lamarque/Reuters) Jerome Powell wraps up his post-meeting press by noting ...

WASHINGTON, Nov 19 (Reuters) - A divided Federal Reserve cut interest rates last month even as policymakers cautioned that doing so could risk entrenched inflation and a loss of public trust in the ...

Chair Jerome Powell said the Fed had an obligation to ensure a one-off increase in prices doesn't "become an ongoing inflation problem." (Jacquelyn Martin/AP) Inflation has overshot the Federal ...