Inflation

Racquel Oden, HSBC's head of wealth and personal banking in the U.S., talks about how to guide clients through a year of political and economic upheaval.

Underlying U.S. inflation unexpectedly picked up in August on higher prices for housing and travel, undercutting the chances of an outsize Federal Reserve interest-rate cut next week.

Now the questions are: how much, and how often.

The Fed's favorite inflation measure ticked downard last month. Will that be enough for it to cut interest rates?

The Fed's preferred inflation measure held steady last month, sparking hopes of stabilizing prices — but also concerns of slowing consumption.

The consumer price index came in a little cooler last month, ending a streak of bad inflation data — at least for now.

The Internal Revenue Service issued the annual inflation adjustments for health savings accounts in 2025 as prices continue to rise.

Back in December 2023, Wall Street was hoping for rate cuts early and often. But as of May 2024, "higher for longer" seems to be the new policy — at least for now.

The Fed has said it wants to see strong signs of falling inflation before it starts cutting interest rates. Wednesday's data was anything but that.