The December rate cut was expected. But the Fed also reduced the number of expected rate cuts for 2025.

Workers at the bottom 90% had stronger wage growth than the top 1% in the years since the pandemic, according to the Economic Policy Institute.

Tax cuts, tariffs and mass deportations could put upward pressure on prices — and interest rates.

The producer price index calculates price inflation from businesses’ point of view — think labor costs or raw materials prices.

While the country awaits a new prime minister, a budget crisis looms.

Monthly inflation in November rose by the most in seven months, showing it’s taking longer to tame inflation than expected.

Many Americans can’t shell out more as costs rise. As a result, some are cutting their meat consumption or going to restaurants less.

For a lot of families, the cost of child care is a huge reason why inflation is still so painful. For years, the rise in child care and preschool prices has outpaced inflation overall. The latest Consumer Price Index showed the cost of child care increased 0.6% last month alone.

Unit labor costs are a way to measure productivity relative to workers’ compensation.

Carola Binder, an economist at the University of Texas at Austin, explains why tariffs might cause prices to rise, but they doesn’t necessarily mean the Fed will get involved right off the bat.