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After two years of painfully high prices, inflation in the United States has reached its lowest point in more than two years — 3% in June compared with 12 months earlier.

America’s employers pulled back on hiring but still delivered another month of solid gains in June, adding 209,000 jobs, another sign of the economy's resiliency.

An inflation index that is closely monitored by the Federal Reserve tumbled in May to its lowest level since April 2021, pulled down by lower gas prices and slower-rising food costs.

WASHINGTON — The Federal Reserve kept its key interest rate unchanged June 14 after having raised it 10 straight times to combat high inflation. 

WASHINGTON — Consumer prices in the United States cooled last month, rising just 0.1% from April to May and extending the past year’s steady easing of inflation.

WASHINGTON — The nation’s employers stepped up their hiring in May, adding a robust 339,000 jobs, well above expectations and evidence of strength in the economy.

WASHINGTON — A key index of U.S. prices ticked higher in April, and consumer spending rebounded, a sign that inflationary pressures in the economy remain high.

WASHINGTON — Chair Jerome Powell indicated May 19 that the Federal Reserve likely will forgo an increase in its benchmark interest rate when it meets in June.

WASHINGTON — Consumer prices in the United States rose again in April, and measures of underlying inflation stayed high, a sign that declines in inflation are likely to be slow and bumpy.

The Federal Reserve reinforced its fight against high inflation May 3 by raising its key interest rate by a quarter-point to the highest level in 16 years.