The report comes at a pivotal moment for the Federal Reserve, which is scheduled to meet next week to decide whether to hike interest rates.

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

Fed officials estimate the rate of inflation using their preferred PCE price index will finish at 3.7% at year end, a hair above June's forecast of 3.6% and well above their 2.7% estimate in March. Inflation is then projected to slow sharply to 2.

Interest rates and inflation have a huge influence on our household finances — find out how the latest changes could affect mortgages, loans, savings, and

Inflation has moved further away from the Bank of England's 2% target as the Middle East conflict continues to disrupt global oil supplies.

Gold prices took a hit after the Fed raised rates and indicated that it wasn't done with one hike. Gold is often viewed as an inflation hedge, but some believe it's been trading on [the perceived cre

The Iran war’s net impact on the insurance sector remains earnings-neutral to slightly positive. While broad property and casualty (P&C) insurers insulation themselves through strict policy exclusions, specialized marine, aviation, and energy underwriters captured historic revenue windfalls.

Federal Reserve officials will decide whether to raise rates in the face of persistently strong inflation and bond market anxiety.