84°F
weather icon Clear
Consumer prices rise 6.3% in July as inflation eases

WASHINGTON — Inflation eased last month as energy prices tumbled, raising hopes that the surging costs of everything from gasoline to food may have peaked.

Fed planning to raise interest rates in order to cool inflation

The Federal Reserve signaled Wednesday that it plans to begin raising its benchmark interest rate as soon as March, a key step in reversing its pandemic-era low-rate policies that have fueled hiring and growth but also escalated inflation.

1 2 3