The Consumer Price Index report for January is expected to show broadly unchanged annual inflation according to nowcasts. That may be broadly good news for the Fed.
Inflation was a driving force behind Donald Trump's election victory, but he's put the issue on the back burner during his first week in office.
Rising food and housing costs have hit the lowest-income Americans the hardest in recent years.
Investors are snapping up crude oil futures as a hedge against the risk that U.S. President Donald Trump's threatened trade tariffs will cause a resurgence in global inflation, adding momentum to a recent rally in oil prices sparked by a tightening of sanctions on Russia.
The rise in hunger highlights what’s at stake in the sharp-edged choice Federal Reserve officials must make in the coming months.
Trump will probably seek to ease inflation and lower prices by drilling for more oil, loosening regulations, reducing federal spending, experts say.
Economists and analysts aren’t convinced that an expansion of oil and gas production will lower consumer prices.
As Trump began a second term, tech stocks led the market, driven by semiconductors' momentum and a surge in artificial intelligence investments.
New York Governor Kathy Hochul has announced inflation refund checks of up to $500 will be paid to eligible New Yorkers.
Buying produce in season is another great way to save money. Seasonal fruits and vegetables are often priced lower due to their abundance. For instance, berries are more affordable in the summer, while root vegetables like sweet potatoes and squash tend to be less expensive in the fall.
The Bank of England must contend with a slowdown in Britain's economy but also stubborn inflation pressures when it considers whether to cut interest rates in early February as well as its message about the outlook for the rest of the year.
Better bank earnings and inflation readings sent bond and stock prices higher. Earnings and politics will likely have the most significant impact on markets this week.