As President Biden kicks off his trip through the Middle East, his administration is facing their biggest challenge at home with the pace of inflation rising at its highest point in 40 years.

Inflation was a driving force behind Donald Trump’s election, but he’s put the issue on the back burner during his first week ...

“When I handed it over (to Biden) they didn’t have inflation for a year and a half. … Then they created inflation with energy and with spending too much.” This is exaggerated on both count ...

The Federal Reserve kept its key interest rate unchanged as officials grappled with uncertainty caused by inflation and ...

and I won an election based on that,” he told NBC News’s “Meet the Press” last week. While inflation has moved up, recent employment data show that wages continue to outpace price increases.

After three cuts at the end of last year, Federal Reserve officials paused rate moves as they weigh a solid economy and ...

The central bank’s decision to pause at its first meeting of 2025 followed a series of cuts that began in September to ...

Consumers and traders are waiting to learn if the Fed’s pause is a one-meeting hold or the start of a longer stretch.