US Inflation

It is possible to bring down record-high inflation in the United States while maintaining a healthy labor market, US Treasury Secretary Janet Yellen said on Thursday. Her comments come a day after the Federal Reserve hiked...

US inflation is expected to have eased slightly in July, taking pressure off the Federal Reserve to hike interest rates sharply while bringing a much-needed boost to President Joe Biden just months before crucial midterm elections....

US inflation surged to a fresh peak of 9.1 percent in June, further squeezing American families and heaping pressure on President Joe Biden, whose approval ratings have taken a battering from the relentless rise in prices....

Asian markets were mostly lower on Wednesday as a surprise surge in US inflation raised investor concerns over the direction of Federal Reserve policy. They took their cue from Wall Street, where stocks retreated from records...