Diccon Hyatt is an experienced financial and economics reporter who has covered the pandemic-era economy in hundreds of stories over the past two years. He's written hundreds of stories breaking down ...

Mary Cunningham is a reporter for CBS MoneyWatch. Before joining the business and finance vertical, she worked at "60 Minutes," CBSNews.com and CBS News 24/7 as part of the CBS News Associate Program.

The Fed's preferred inflation measure moved no closer to its 2% target in July, emphasizing the policy challenge the Fed faces as it prepares for a possible interest-rate cut in September. The ...

Nikole Killion is a CBS News congressional correspondent based in Washington D.C., who has covered some of the biggest stories on Capitol Hill since 2021. Killion has also served a key role in CBS ...

WASHINGTON (AP) — The Federal Reserve’s preferred inflation gauge mostly held steady last month despite President Donald Trump’s broad-based tariffs, but a measure of underlying inflation increased.

Annual inflation picked up pace a little in the eurozone last month, cementing expectations that the European Central Bank will leave interest rates unchanged for a second-straight meeting next week.

Overall inflation in the United States has eased. Headline CPI increased at a 1.9 percent annualized rate from January through July. Under the hood, there has been a shift in relative prices. Core ...

Cryptocurrencies are becoming a core part of the economy in Venezuela as citizens turn to digital assets to shield themselves from a collapsing currency and tighter government controls. From small ...

The annual rate of PCE inflation is expected to be 2.6% in July, the same as in June. Tariffs imposed by the White House are putting upward pressure on goods prices, and services prices are also ...

US consumers kept spending in July, even as inflation remained elevated that month, new data showed Friday. Consumer spending rose 0.5% from June, according to Commerce Department data released Friday ...

The latest economic data keeps the central bank on track to lower interest rates at its next meeting in September. By Colby Smith Colby Smith covers the Federal Reserve and the U.S. economy. The ...

Emboldened investors in the Treasuries market face a test of bullish sentiment this week from inflation reports and a benchmark revisions for jobs data. Two- and 10-year yields ended last week at ...