The Latest Breaking News from Inflation

Treasurer Jim Chalmers mightn’t have expected his weekend comment – made ahead of expected low growth figures later this week – that interest rate rises were “smashing” the Australian economy to set off the reaction it has. After all, it’s been something of a Chalmers mantra.

How can we tell if the Reserve Bank of Australia – which sets the interest rates that shape our national and household budgets – is doing a good job?

The stock market rally had a mixed week, with the Dow Jones hitting a high while Nvidia led a Nasdaq retreat.

Indexes rose after cooling inflation on Friday. Warren Buffett stock Ulta Beauty plunged on earnings.

Conway Gittens: I’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today. A tame inflation report gives Wall Street the green light to move higher. The Personal Consumption Expenditures Index for July rose just 0.2 percent, as expected. Over ...

U.S. inflation shows a modest increase, potentially leading to a Fed interest rate cut. Consumer spending remains strong, but savings decline, impacting fu...

The US Federal Reserve's favored measure of inflation held steady in July according to government data Friday, sustaining expectations that the central bank is on its way to interest rate cuts starting next month.

Inflation pressures allow the Fed to focus on its full-employment mandate.

The PCE price index shows that core inflation is cooling. But solid consumer spending and wage gains cast doubt on a big Fed rate cut. The S&P 500 pared early gains.