While Federal Reserve Chair Jerome Powell says "the underlying inflation picture is good," tariffs could change all that.

The rate has stayed above 4% for more than two years as the Fed has aimed to lower inflation by keeping borrowing costs high. Its target annualized rate is 2%, but the current rate remains at 2.4% as of April, according to consumer price index data.

This situation could force the Fed to decide between ... difficulty in forecasting the impact due to various variables and the lack of recent precedent for tariffs at such high levels.

The Federal Reserve said Wednesday it is keeping its benchmark interest rate unchanged while officials further study the economic impact of President Donald Trump’s sweeping tariffs.

Walmart is the largest importer of container goods in the US, with approximately 60% of its imports coming from China. McMillon also noted that tariffs on countries like Colombia, Costa Rica and Peru will put price pressures on food imports, including bananas, avocados and coffee.

U.S. economic growth has slowed notably since the Fed's last meeting in March, with the Bureau of Economic Analysis estimating a first-quarter contraction of around 0.3%. Headline inflation ...

President Donald Trump might want a new, “America First” world, but in the race to control inflation the United States may actually come last. While his tariff hikes are widely expected to jack up prices at home,

NEW YORK (Reuters) -Investors grappling with uncertainty over the economic fallout from President Donald Trump's tariffs are facing ... up in the air. The Federal Reserve kept rates steady on ...

Trade wars are not fought with bullets — they’re fought with tariffs, rhetoric, and uncertainty. And uncertainty is the true enemy of markets.

To watch more expert insights and analysis on the latest market ... closely for any commentary on the tariff impact to inflation. Now our finance's Fed day coverage on Wednesday will begin at ...

Inflation picked up speed in April after declining in March, according to data released Tuesday by the Labor Department. The consumer price index (CPI) rose 0.2 percent last month and is up 2.3