Latest Personal income News

Hints of cooling prices, but Fed vows firm inflation stance

Aug. 26, 2022 11:30 AM EDT

WASHINGTON (AP) — Inflation eased last month as energy prices tumbled, raising hopes that the surging costs of everything from gasoline to food may have peaked. According to a Commerce Department report Friday that is closely watched by the Federal Reserve, consumer prices rose...

US inflation surges again in June, raising risks for economy

Jul. 13, 2022 18:12 PM EDT

WASHINGTON (AP) — U.S. inflation surged to a new four-decade high in June because of rising prices for gas, food and rent, squeezing household budgets and pressuring the Federal Reserve to raise interest rates aggressively -- trends that raise the risk of a recession. The...