The report is the last of its kind before the Federal Reserve meets again in two weeks. With the employment report for December showing the unemployment rate sinking back to a relatively healthy 4.4 percent, officials are expected to hold interest rates steady after cutting them three times since September.

Williams is one of many Fed officials who have said the central bank can afford to wait for more data before considering whether to lower interest rates again.

Inflation may have cooled off from its peak of around 9% in 2022, but the beast has not been fully tamed. The Federal Reserve is aiming for a 2% inflation rate, and the central bank has resisted lowering interest rates further until it sees evidence that ...

The latest inflation figures are an important piece of the puzzle for the Reserve Bank ahead of its next interest rate decision in February.

Inflation in Mexico hit its lowest year-end rate since the pandemic-induced recession of 2020, driven in part by low produce prices.

Discover how exchange rates influence the economy, affecting job markets, inflation, and costs of goods. Learn about their indirect impacts on everyday life.