Federal Reserve Chairman Kevin Warsh has said that inflation is a "choice." The same could also be true of how inflation is measured. Warsh has formulated five task forces to look at an array of Fed ...

The Personal Consumption Expenditures index — the Federal Reserve's preferred inflation measure — rose at a 4.1% annual rate in May, highlighting the central bank's challenge in reining in prices. The ...

The Federal Reserve’s new chairman has vowed to deliver price stability, but officials are at odds over whether that will require higher borrowing costs. By Colby Smith and Ben Casselman Colby Smith ...

The annual rate of PCE inflation is forecast to be 4.1% by FactSet, its highest level since April 2023. Economists expect May to mark this year’s inflation peak, as lower oil prices and easing tariff ...

The moment of truth is just about here. The Strait of Hormuz has reopened, for now, and Middle Eastern countries that shut off their oil wells during the war (the term is actually “shut in”) are about ...

The core personal consumption expenditures price index showed a 3.4% annual rate after rising 0.3% for the month. The core annual reading was the highest since October 2023. The Fed's primary ...

Bank of America forecasts three Fed rate hikes in 2025, pushing the policy rate to 4.25-4.5% as Core PCE climbs toward 3.5%. Altria (MO) leads the four picks with a 6% yield, while Chevron (CVX) ...

WHIDBEY ISLAND STATION, Wash. — Three firefighters were injured and three homes were destroyed or damaged after an explosion during a house fire on Whidbey Island Wednesday afternoon, according to ...

A gargantuan fireworks detonation likely caused by someone smoking a cigarette obliterated several homes and injured five people in an island community in Washington state this week, according to ...

Alexa Herrera is a digital producer with the CBS News New York web team. She previously worked with WUFT and WTSP in Florida as a digital producer. She's a Long Island native. An explosion, fire, and ...

Diccon Hyatt is an experienced financial and economics reporter. He's written hundreds of articles breaking down complex financial topics in plain language, emphasizing the impact that economic ...

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