The details in the latest Consumer Price Index report could compel the Federal Reserve to raise interest rates.

Thanks in part to Trumpflation (inflation that's specifically driven by President Donald Trump's policies), the prevailing inflation rate has been running well above the Federal Reserve's long-term target of 2%. Headline inflation for May, as determined by the Consumer Price Index (CPI), surged to 4.2%, driven primarily by higher fuel prices.

Report by nonpartisan research body finds that replenishing depleted munitions stockpiles could take up to five years.

August core CPI rose 0.3% MoM, beating expectations, as supercore services surged 0.5%. Rate-hike odds jumped to 90% ahead of the Fed's September

The U.S. Bureau of Labor Statistics released its much-anticipated inflation report for August 2026.

Wholesale inflation picked up last month after cooling earlier this summer as higher oil and gas prices stemming from the Iran war are keeping costs elevated

A slowing in price increases could be good news for consumers struggling with the cost of living, although their paychecks still may not be keeping up

U.S. inflation held at 3.4% in August, keeping the dollar steady near 99. The yen gained for a second week on Bank of Japan rate hike expectations.

Gold and crypto fell after hotter US inflation lifted Treasury yields and strengthened expectations for further Fed rate hikes.