In a boost for consumers, U.S. inflation is cooling fast
The latest consumer price data furthers the case for an interest rate cut by the Federal Reserve as soon as September.
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The latest consumer price data furthers the case for an interest rate cut by the Federal Reserve as soon as September.
The Federal Reserve kept its benchmark rate in a range of 5.25% to 5.5%, the same level where it's been parked since July 2023.
Key report on consumer prices comes ahead of interest-rate decision by the Federal Reserve in the afternoon.
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The Federal Reserve wants to see more progress in quelling inflation before cutting interest rates.
The Fed is leaving its benchmark interest rate unchanged, noting a lack of progress in curbing inflation.
The hotter-than-expected inflation reading could cause the Federal Reserve to delay interest rate cuts, analysts said.
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Higher food prices partly caused the hotter-than-expected inflation report. Getting pinched at the grocery store is souring Americans on the economy.
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The Federal Reserve's preferred measure of inflation fell last month in another sign that prices are easing.
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President Trump said the U.S. Navy will begin blockading ships from entering or exiting the Strait of Hormuz and intercept vessels that have paid tolls to Iran.
Russian President Vladimir Putin on Thursday declared a 32-hour ceasefire over the Orthodox Easter weekend.
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President Trump said the U.S. Navy will begin blockading ships from entering or exiting the Strait of Hormuz and intercept vessels that have paid tolls to Iran.
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A former prison guard trainee has been sentenced to death for the 2019 execution-style killings of five women inside a Florida bank.
Florida coach Billy Napier is getting a fourth season to try to get the Gators back to their winning ways.
A Florida man has filed a federal lawsuit against Jacksonville sheriff's officers who severely beat him last year after he ran from a traffic stop.
The Marion County Sheriff's deputy told authorities that he accidentally shot and killed his girlfriend while cleaning his gun.
President Trump said the U.S. Navy will begin blockading ships from entering or exiting the Strait of Hormuz and intercept vessels that have paid tolls to Iran.
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