WASHINGTON — Inflation in the United States ticked up in October, driven by costlier rents, used cars and air fares, a sign that price increases might be leveling off.

WASHINGTON — Inflation in the United States dropped last month to its lowest point since it first began surging more than three years ago, adding to a spate of encouraging economic news.

Jerome Powell stressed that the Fed’s current goal is to support a largely healthy economy and job market, rather than rescue a struggling economy or prevent a recession.

WASHINGTON — The Federal Reserve’s preferred inflation measure on Sept. 27 provided the latest sign that price pressures are easing, a trend that is expected to fuel more interest rate cuts.

The Federal Reserve on Sept. 18 cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates.

WASHINGTON — The post-pandemic spike in inflation eased last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates.

WASHINGTON — Hiring by America’s employers picked up a bit in August from July’s sluggish pace, and the unemployment rate dipped in a sign that the job market may be cooling but remains sturdy.

WASHINGTON — An inflation measure tracked by the Federal Reserve remained low, extending a trend of cooling price increases that clears the way for the Fed to start cutting its key interest rate.

WASHINGTON — Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September.

With the end of their two-year fight against inflation in sight, Federal Reserve officials are likely July 31 to set the stage for the first cut to their key interest rate in four years, a major shift in policy that could eventually lower borrowing costs for U.S. consumers and businesses.