Inflation slowed down in March, going by the Federal Reserve's preferred gauge, showing that price pressures were easing before President Trump's steep new tariffs landed earlier this month.

Headline inflation pressures, meanwhile, have eased only modestly, and the Fed's preferred inflation gauge showed core prices rising at an annual rate of 2.6% in March, well ahead of its 2% target.

Separately, core personal consumption expenditures, or core PCE, the Fed’s preferred inflation gauge, rose 2.5% year-over-year in March, down from the 3% year-over-year increase in February.

While the Fed’s preferred inflation gauge suggests that price pressures are gradually easing, new US import tariffs could threaten to undo some of that progress. Bloomberg economists Anna Wong ...

Here are the key points to know ahead of this morning's consumer-price index: This is the first CPI report that will capture the economic volatility sparked by President Trump's April 2 "Liberation ...

The Federal Reserve on Wednesday held its key interest rate unchanged as it awaits fluctuations in trade policy and the ...

As it gauges which of the economic threats ... At the moment, the Fed’s preferred annual inflation measure sits at 2.6%, above its 2% target. Unemployment is at a historically low 4.2%.

History suggests that President Donald Trump's new "Too Late" nickname for Federal Reserve Chair Jerome Powell has a strong chance of coming true, though he'd hardly be alone if it does.