Friday's figures bring the final 2027 COLA calculation closer to completion.

The details in the latest Consumer Price Index report could compel the Federal Reserve to raise interest rates.

The president has been demanding interest rate cuts. Now the Federal Reserve is being pressured to raise them.

Wall Street’s major averages pushed higher Friday after the latest consumer inflation report came in largely in line with expectations.

Inflation stands more than a percentage point above the Fed's target rate of 2%.

Top Fed officials and Wall Street investors can splice inflation reports from now till Sunday, but one number in the report will stand out from all the others: core CPI. The core price index strips out food and energy,

Housing inflation proved less tame in August compared to earlier in the summer. The shelter index rose 0.3% month over month in August after rising just 0.1% in June and July. Within shelter, rent costs rose 0.