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A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed's reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden's re-election bid. Friday's report from the government showed that prices rose 0.3% from February to March, the same as in the previous month. It was the third straight month that the index has run at a pace faster than is consistent with the Fed's 2% inflation target.

(Bloomberg) -- Shares in Asia were primed for a muted open Monday as investors look ahead to US inflation data due Tuesday that is expected to show a further slowing in core prices.Most Read from BloombergThese Are the Best Countries for Wealthy ExpatsBubble Angst Belied by Big-Tech Weaklings, Broader S&P 500 GainsSlow US Inflation Retreat Is Set to Bolster Fed Patience on Rate CutsIs Now the Right Time to Invest in Bitcoin?Equities in Australia and share futures for Japan fell, while those for

Wholesale prices, tracked by the producer price index, rose in January, the latest sign that some inflation pressures in the economy remain elevated.

Grocery prices in the Twin Cities may have hit a tipping point and are now slightly lower than they were a year ago. That's finally some good news for consumers' pocketbooks as residents in the Minneapolis-St. Paul region continue to experience lower inflation than the nation as a whole, even if the rate has bumped up a bit in recent months. Grocery prices in the region fell 0.8% last month ...

The rate of inflation eased a bit in September, as prices rose 0.4% from the previous month, down from the 0.6% rate recorded the month before, according to government data released Thursday. On an annual basis, however, the rate of inflation was unchanged, with September’s year-over-year rate holding steady at 3.7%, the same as in August. The core inflation rate — a measure closely watched by the Federal Reserve that strips out volatile food and fuel prices — also told a mixed story. Core price