As part of the state's 2026 budget deal, Governor Kathy Hochul has unveiled a $2 billion "inflation refund" initiative. The ...

Worthington City Council approved an additional $2 million bond sale to cover increased costs for a new pool complex. The project, originally estimated at $15.4 million, is now projected to cost ...

This week's inflation report showed core inflation remains stubbornly high. But the stock market rallied Tuesday on hopes the Federal Reserve will be able to cut interest rates in September.

The annual inflation rate held steady in July as President Donald Trump's tariffs had less of an impact on some consumer prices than forecasters expected, but the details had a few devils as the key ...

Those tariffs, and rising inflation, could prompt the Federal Reserve to lower interest rates. The "core" inflation rate, which excludes food and energy prices, was 2.9% in the 12 months through June.

US inflation ticked up in June in a sign that President Trump's tariffs are starting to sting, though the figure rose in line with forecasts.

Excluding volatile food and energy prices, core inflation picked up 0.2% on the month, with the annual rate moving to 2.9%, matching estimates.

The Bureau of Labor Statistics reported that the consumer price index (CPI), a popular inflation gauge, increased in June to 2.7% on an annual basis as prices rose for consumers.

Inflation picked up steam last month amid early signs that President Trump's tariffs are beginning to have an effect on the prices shoppers see in stores.

Inflation rises in June due to tariffs, Trump demands rate cuts to stimulate markets. Fed chair Jerome Powell faces potential replacement by White House.