Shares of Costco slipped after hours on Thursday, after the membership warehouse retailer reported a per-share profit and revenue figures that both missed Wall Street’s expectations.

President Donald Trump’s rapidly evolving trade war threatens to resurrect an all-too-familiar question for the Federal Reserve: If inflation moves higher, will it be transitory?

Lifestyle inflation occurs when your expenses increase as you earn more income. Learn tips to prevent it from derailing your path to financial freedom.

The president knows his plans,” a White House official said, while Donald Trump presses ahead with tariffs that economists warn will push prices higher.

The European Central Bank cut its economic growth expectations for the euro zone once more on Thursday and raised its projection for inflation this year, even as it predicted price growth back at target in 2026.

If tariffs continue, Americans can expect to pay an extra 20 cents per gallon of gas, an additional 50 cents for each avocado, and thousands more on new vehicles, almost immediately.

Bank of England policymaker Catherine Mann said on Thursday a pick up in inflation was unlikely to lead to longer-term price problems in Britain's economy, and that global volatility had weakened the case for a gradual approach to cutting rates.

Computer Trading Corporation chief executive Peter Borish believes a selection of products he calls the seven C's of commodities — coffee, corn, cotton, copper, crude oil, cocoa, and cattle — can be the key to monitoring inflation rates.

The Personal Consumption Expenditures Price Index grew at an annualized rate of 4.0 percent in January 2025, up from 3.6 percent in the prior month. Click to read.

President Trump defended tariffs, Doge cuts and the other sweeping changes since he took office during his speech to Congress last night. NBC News’ Kelly O’Donnell and Julie Tsirkin have the latest reporting.

The central bank’s preferred inflation measure, released on Friday, climbed 2.5 percent in January from a year earlier, slightly lower than the previous reading of 2.6 percent but still well above the Fed’s 2 percent target. On a monthly basis, prices increased 0.3 percent, in line with December’s pace.