Inflation fell more than expected, dropping nearly to the Federal Reserve's target of a 2% annual rate by one measure.

Economists and some business executives have warned that prices will likely head higher as Trump’s widespread tariffs take effect, though the timing and impact of those duties are now in doubt

The cost of living barely rose in April — and the rate of inflation slowed even closer to prepandemic levels — but it’s unclear whether the recent progress can be sustained as the trade wars drag on.

Consumer spending slowed despite rising incomes, potentially an early reaction to higher prices on some imported goods.

U.S. Federal Reserve officials at their last meeting acknowledged they could face "difficult tradeoffs" in coming months in the form of rising inflation alongside rising unemployment, an outlook buttressed by concerns about financial market volatility and Fed staff warnings of increasing recession risk,

Vincent Reinhart, BNY Investments chief economist, joins 'Money Movers' to discuss PCE data, the Fed and inflation impact on rate cuts.

Federal Reserve officials were worried about the possibility that higher inflation resulting from the White House trade policy might lead to lasting higher inflation, even as central bank staff were noting that recession odds were high,