Going into the latest Fed meeting, bond markets were already predicting inflation would average 2.4% a year over the next five years, well above the Fed’s 2% target. After the meeting and Powell’s press conference, that expectation jumped above 2.5%.

The pickup in inflation, and the slowdown in hiring, are still relatively moderate compared with the extreme stagflationary episodes of the past, such as during the 1970s. In a “normal” business-cycle slowdown, weaker payrolls growth is expected to lead to softer inflation. The question is whether this time is different?

Interest rates set by the federal reserve ripple through your mortgage, credit cards, and savings. Consumer Investigator Caresse Jackman talks to Bankrate to break down what the Fed’s moves really mean for your wallet.

Federal Reserve Chair Jerome Powell said that recent data point to less concern that new White House tariffs will lead to a spiral of higher inflation. "The case for there being a persistent inflation outbreak is less,

The Federal Open Market Committee (FOMC) lowered the federal funds rate to 4.00%-4.25% amid elevated economic uncertainty. Click here to read my analysis.

Inflation rose last month as the price of gas, groceries, and airfares jumped, while a measure of layoffs also increased, putting the Federal Reserve in a tough spot as it prepares to cut rates at its meeting next week despite persistent price pressures.

The Senate has approved one of President Donald Trump’s top economic advisers for a seat on the Federal Reserve’s governing board, giving the White House greater influence over the central bank just two days before it is expected to vote in favor of reducing its key interest rate.

Inflation ticked up to 2.9% in August, the highest rate since January.