This study finds that incorporating forward-looking expectations into monetary models resolves the "price" and "FX" puzzles in emerging markets, where policy tightening paradoxically raises inflation ...

The annual rate of inflation moved higher last month for the first time since March, as expected — but economists say the underlying trend remains favorable for another round of interest rate cuts.

The personal consumption expenditures (PCE) price index, the Federal Reserve's preferred inflation measure, dropped to 2.1% last month on an annual basis, close to the central bank's goal of a 2% ...