An inflation measurement favored by the Federal Reserve matched Wall Street’s expectations according to federal data released Friday, complicating hopes for the central bank to lower interest rates ...

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.

Inflation inched higher last month as Americans closed out the summer paying more for both groceries and gasoline. Consumer prices in August were up 2.9% from a year ago, according to a report ...

Inflation rose one-tenth of a percentage point to 2.7% for the year ending in August, the Bureau of Labor Statistics reported Friday in an update to the Federal Reserve’s preferred gauge. Economists ...

WASHINGTON, Sept 10 (Reuters) - U.S. producer prices unexpectedly fell in August amid a compression in trade services margins and mild increase in the cost of goods, suggesting that domestic firms ...

Inflation remained at 2.6% for the year ending in July, the Bureau of Labor Statistics reported Friday in an update to the personal consumption expenditures index, the Federal Reserve’s preferred ...

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 European Central Bank can tolerate inflation below 2% for some time but will have to take action if price pressures keep falling short of its target sustainably and expectations start to slide, ...