Inflation expected to have slowed significantly in January

(NEW YORK) -- Inflation data to be released on Tuesday will show whether price increases resumed a monthslong slowdown in January.The report from the U.S. Bureau of Labor Statistics follows a slight acceleration of price increases in December. That jump in inflation complicated the...

Inflation cooled significantly in October, offering relief for consumers

(WASHINGTON) -- Consumer prices rose 3.2% in October compared to a year ago, cooling significantly from the previous month and exceeding economist expectations. The data indicates progress in the Federal Reserve's fight to reduce inflation.The results mark a half-percentage-point decline from the annual inflation...

US economic growth slowed significantly at start of 2023

(WASHINGTON) -- The U.S. economy slowed at the start of 2023, suggesting that an aggressive series of interest rate hikes at the Federal Reserve has cooled business activity even as the stock and job markets have made gains.U.S. gross domestic product grew by a...