The Federal Reserve is meeting this week to decide on its latest interest rate hike, and one of the big questions going into the meeting is how the nation's top bankers are thinking about inflation.
The latest numbers from the personal consumption expenditure (PCE) index, which is the Fed's preferred measure, show prices increasing 0.1 percent month-over-month in December.
This compares to the latest consumer price index, which showed prices falling 0.1 percent.
Excluding volatile energy and food prices, the PCE measure is up at a slightly higher rate of 0.3 percent — though the index overall is at a 15-month low.
"It all adds up to a real break for consumers, real breathing room for families, and more proof that my economic plan is working," said President Joe Biden earlier this month.
Yet whether or not the recent price moderation is enough for the Fed to go ahead with a 25-basis-point rate hike as expected won't be clear until the FOMC meeting on Wednesday.
The Food and Drug Administration issued an alert and specifically mentioned 26 eye drop products from a number of brands.
Workers at a number of pharmacy chains nationwide were planning a walkout Monday and going through Wednesday.
President Joe Biden on Monday will sign a sweeping executive order to guide the development of artificial intelligence — requiring industry to develop safety and security standards, introducing new consumer protections and giving federal agencies an extensive to-do list to oversee the rapidly progressing technology.
Beauty tips from Allure Magazine.
A new study finds where millennials live can affect how well they can do.
Apple's latest keynote event will be live-streamed on its website, YouTube and Apple TV At 8 p.m ET.
McDonald's reported better-than-expected profit and sales in the third quarter.
President Joe Biden signed a wide-ranging executive order on artificial intelligence in the U.S.
Stocks jumped in Monday's early session after a slew of earnings and other news events that saw the market attempt to make a positive finish to a rough month. Investors also braced for a rate decision from the Federal Reserve as well as the latest jobs report this week.
Cocoa prices are trading at 44-year highs and global sugar prices are at 12-year highs.
