Chair Jerome Powell told Congress this week that the Fed is looking for “more good data” to strengthen its confidence that inflation will return to 2%. That is exactly what the June CPI and PPI...

The raft of June inflation data out this week was not as bad as the rise in the headline rates would suggest, as higher food inflation masked falls in in core inflation. Core inflation appears most...

Disinflation in the services sector seems to have stalled in several advanced economies this year. That’s partly because the easiest wins related to food and energy effects are behind us and also...

The surprise jump in headline consumer price inflation last month will be enough to convince any MPC members who may have been leaning toward rate cuts at the August policy meeting that conditions are...