Consumer prices fell sharply in June, posting the largest monthly decline in four years, but economists and federal officials warned Tuesday that renewed U.S. military action in Iran could quickly reverse the progress.
Consumer prices rose 2.4 percent on an annual basis in February, the Bureau of Labor Statistics reported Wednesday, keeping inflation in a narrow holding pattern as the Trump administration enters its second year in office.
Federal Reserve officials are facing mounting scrutiny after new business survey data undercuts their justification for keeping interest rates elevated.
