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u.s. inflation rate

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U.S. Inflation Rates Remain Major Sticking Point for Federal Reserve

By , Associate Editor, Money Morning • @KyleAndersonMM -

The Fed

One of the biggest topics from this week's FOMC meeting was U.S. inflation rates, which remain well below the 2% mark the Federal Reserve has been targeting.

Yesterday (Thursday), U.S. Federal Reserve Chairwoman Janet Yellen announced the central bank will not be raising interest rates, in part because inflation rates remain too low.

Here's why inflation rates played such a large role in the Fed's decision...

Consumers Continue to Struggle as U.S. Inflation Rate Hits Fastest Pace Since 2008

By , Associate Editor, Money Morning -

The accelerating U.S. inflation rate reached its fastest pace in two and a half years last month as consumers continue dealing with higher food and energy prices.

The consumer price index (CPI) in April rose 3.2% over the last 12 months, the biggest yearly jump since October 2008. That's up from a yearly jump of 2.7% in March and 2.1% in February. The CPI in April increased 0.4% from the previous month.

The U.S. Labor Department reported Friday that rising energy prices contributed to more than half of the increase. Gasoline prices soared 3.3% in April and 33.1% over the past year.

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