By Lucia Mutikani WASHINGTON, March 13 (Reuters) - U.S. consumer spending increased solidly in January amid higher prices, ...

US Federal Reserve policymakers are expected to leave interest rates unchanged at their meeting next week, as the US-Israel war on Iran sends shock waves through markets and recent economic data has ...

The US Federal Reserve's preferred inflation gauge came in slightly lower than expected in January, registering 2.8 percent ...

A key measure of US inflation was tame at the start of the year. But another metric is shaping up to paint a very different picture.

Federal Reserve Bank of Kansas City Jeff Schmid reiterated that inflation is too high, adding that the latest numbers suggest it’s nearly a percentage point above the US central bank’s target.

Boston Fed President Susan Collins said on Friday that there's no urgent need to change interest rates, expecting current policy to hold for some time.

Incomes also rose 0.4%, a positive sign that consumers didn’t have to dip into savings to propel spending in January.

Annual inflation was unchanged last month at 2.4%, according to the latest Consumer Price Index, released Wednesday.

Data on consumer prices in February will inform the Federal Reserve’s deliberations over interest rates next week.

Inflation remained stubbornly elevated last month as gas prices rose, but it’s a snapshot of consumer prices before a ...